DRW Securities LLC Makes New $254,000 Investment in CBRE Group, Inc. $CBRE

Key Points

• DRW Securities LLC acquired a new position in CBRE Group, purchasing 1,943 shares valued at approximately $254,000.
• Multiple hedge funds have significantly increased their stakes in CBRE Group, with Massachusetts Financial Services Co. growing its position by 217.4% during the first quarter.
• Analysts have raised their target prices for CBRE Group, with Evercore ISI updating its target from $164.00 to $185.00 and assigning an "outperform" rating.

DRW Securities LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,943 shares of the financial services provider's stock, valued at approximately $254,000.

A number of other institutional investors also recently bought and sold shares of CBRE. Massachusetts Financial Services Co. MA raised its position in CBRE Group by 217.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock worth $511,781,000 after buying an additional 2,680,337 shares during the last quarter. Nuveen LLC purchased a new position in CBRE Group during the 1st quarter worth approximately $214,283,000. GAMMA Investing LLC raised its position in CBRE Group by 20,889.0% during the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock worth $168,896,000 after buying an additional 1,285,300 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of CBRE Group by 212.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider's stock valued at $142,633,000 after purchasing an additional 741,477 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of CBRE Group by 24.7% during 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 purchasing an additional 738,704 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the business's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer owned 26,717 shares of the company's stock, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the sale, the chief executive officer directly owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,926 shares of company stock valued at $1,338,073. 0.42% of the stock is owned by corporate insiders.

CBRE Group Price Performance

NYSE CBRE traded up $2.68 on Friday, hitting $164.37. The company had a trading volume of 1,285,140 shares, compared to its average volume of 1,436,419. The company has a market capitalization of $48.91 billion, a PE ratio of 46.04 and a beta of 1.36. The company's fifty day moving average price is $151.81 and its 200-day moving average price is $136.30. 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, Inc. has a 12-month low of $108.45 and a 12-month high of $165.41.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CBRE. JPMorgan Chase & Co. lifted their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Finally, Evercore ISI lifted their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of "Moderate Buy" and a consensus target price of $165.22.

About CBRE Group

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.