CBRE Group, Inc. $CBRE Shares Acquired by Czech National Bank

Key Points

• Czech National Bank has increased its stake in CBRE Group, Inc. by 5.7%, owning 71,778 shares valued at approximately $10.06 million as of the most recent SEC filing.
• CBRE Group's stock has received multiple upgrades from analysts, with target prices raised; JPMorgan Chase increased its target from $143 to $185 and maintains an "overweight" rating.
• The company's financial performance is strong, reporting an earnings per share (EPS) of $1.19 for the recent quarter, exceeding estimates and showing a healthy market cap of $48.91 billion.

Czech National Bank raised its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,778 shares of the financial services provider's stock after purchasing an additional 3,888 shares during the quarter. Czech National Bank's holdings in CBRE Group were worth $10,058,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in CBRE Group in the 1st quarter valued at about $26,000. Investment Management Corp VA ADV acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $28,000. Hughes Financial Services LLC acquired a new position in shares of CBRE Group in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC lifted its holdings in shares of CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after acquiring an additional 213 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after acquiring an additional 266 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the transaction, the chief accounting officer directly owned 26,717 shares in the company, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,926 shares of company stock worth $1,338,073. 0.42% of the stock is owned by company insiders.

CBRE Group Trading Down 1.1%

Shares of NYSE CBRE traded down $1.76 during midday trading on Friday, reaching $163.97. 2,918,262 shares of the stock were exchanged, compared to its average volume of 1,462,473. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $167.56. The stock has a 50 day moving average price of $156.35 and a 200-day moving average price of $137.93. The company has a market capitalization of $48.79 billion, a P/E ratio of 45.93 and a beta of 1.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The firm had revenue of $9.75 billion during 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. Equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several recent analyst reports. Morgan Stanley restated an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. UBS Group increased their target price on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Evercore ISI increased their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Finally, Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Company 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.