Earnest Partners LLC Has $480.26 Million Holdings in CBRE Group, Inc. $CBRE

Key Points

• Earnest Partners LLC owns a $480.26 million stake in CBRE Group, making up approximately 2.3% of their portfolio.
• CBRE Group reported an EPS of $1.19 for the last quarter, exceeding estimates, with revenues of $9.75 billion.
• Recent analyst ratings for CBRE Group show a consensus of Moderate Buy, with price targets increasing from $143.00 to $185.00.

Earnest Partners LLC decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,672,307 shares of the financial services provider's stock after selling 24,648 shares during the period. CBRE Group comprises 2.3% of Earnest Partners LLC's portfolio, making the stock its 2nd biggest holding. Earnest Partners LLC owned about 1.23% of CBRE Group worth $480,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Eisler Capital Management Ltd. bought a new position in CBRE Group during the first quarter worth about $4,253,000. PEAK6 LLC lifted its stake in CBRE Group by 5,715.1% during the first quarter. PEAK6 LLC now owns 20,004 shares of the financial services provider's stock worth $2,616,000 after purchasing an additional 19,660 shares during the period. Ieq Capital LLC lifted its stake in CBRE Group by 12.7% during the first quarter. Ieq Capital LLC now owns 69,171 shares of the financial services provider's stock worth $9,046,000 after purchasing an additional 7,769 shares during the period. FORA Capital LLC bought a new position in CBRE Group during the first quarter worth about $2,272,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in CBRE Group by 18.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 740,262 shares of the financial services provider's stock worth $96,811,000 after purchasing an additional 113,448 shares during the period. Institutional investors own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Raymond James Financial lifted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. 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 research note on Thursday, July 24th. UBS Group lifted their target price on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $165.22.

Insider Buying and Selling

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the transaction, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. The trade was a 0.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Lindsey S. Caplan sold 1,935 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $270,900.00. Following the completion of the transaction, the chief accounting officer owned 20,131 shares of the company's stock, valued at $2,818,340. This trade represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,926 shares of company stock worth $1,338,073 in the last quarter. Insiders own 0.42% of the company's stock.

CBRE Group Trading Down 0.0%

CBRE stock traded down $0.01 during trading on Monday, hitting $161.98. The company had a trading volume of 1,399,012 shares, compared to its average volume of 1,518,471. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $149.51 and a 200-day moving average price of $135.58. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $165.41. The stock has a market cap of $48.20 billion, a price-to-earnings ratio of 45.37 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $9.50 billion. 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.

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.