Credit Agricole S A Purchases 73,453 Shares of CBRE Group, Inc. $CBRE

Key Points

• Credit Agricole S A has increased its holdings in CBRE Group, Inc. by 190.3%, now owning 112,047 shares valued at approximately $14.65 million.
• CBRE Group reported a stronger-than-expected earnings per share (EPS) of $1.19 for the last quarter, exceeding analyst estimates by $0.14 with total revenues of $9.75 billion.
• Analysts have raised their price targets for CBRE Group, with a consensus rating of "Moderate Buy" and an average target price of $158.00.

Credit Agricole S A lifted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 190.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,047 shares of the financial services provider's stock after acquiring an additional 73,453 shares during the period. Credit Agricole S A's holdings in CBRE Group were worth $14,654,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. raised its position in shares of CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after acquiring an additional 368,214 shares in the last quarter. Invesco Ltd. raised its position in shares of CBRE Group by 6.6% in the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider's stock worth $837,938,000 after acquiring an additional 397,818 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in CBRE Group by 217.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after buying an additional 2,680,337 shares in the last quarter. Northern Trust Corp increased its position in CBRE Group by 2.1% in the 1st quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider's stock valued at $506,158,000 after buying an additional 80,791 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in CBRE Group by 24.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock valued at $487,127,000 after buying an additional 738,704 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $0.94 during midday trading on Tuesday, reaching $164.05. The company's stock had a trading volume of 356,513 shares, compared to its average volume of 1,797,031. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $165.41. The firm has a 50 day moving average price of $147.15 and a 200-day moving average price of $135.02. The stock has a market capitalization of $48.81 billion, a P/E ratio of 45.95 and a beta of 1.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Transactions at CBRE Group

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the transaction, the chief executive officer owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. The trade was a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,926 shares of company stock worth $1,338,073 in the last 90 days. Insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CBRE. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research report on Tuesday. Raymond James Financial boosted their target price on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $165.22.

CBRE Group Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.