Empowered Funds LLC Buys 34,534 Shares of CBRE Group, Inc. $CBRE

Key Points

• Empowered Funds LLC significantly increased its holdings in CBRE Group, acquiring a total of 50,590 shares, which are valued at approximately $6.62 million following the purchase of an additional 34,534 shares.
• Major institutional investors have also boosted their stakes in CBRE Group, with Massachusetts Financial Services increasing its position by 217.4%, now owning 3.91 million shares valued at over $511 million.
• Analysts have raised their price targets for CBRE Group, with projections ranging from $146.00 to $185.00, reflecting an overall positive outlook with a consensus target price of $165.22.

Empowered Funds LLC grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 215.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,590 shares of the financial services provider's stock after acquiring an additional 34,534 shares during the quarter. Empowered Funds LLC's holdings in CBRE Group were worth $6,616,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CBRE. WPG Advisers LLC bought a new position in shares of CBRE Group during the 1st quarter valued at $26,000. Investment Management Corp VA ADV purchased a new stake in CBRE Group during the fourth quarter valued at about $28,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group during the first quarter valued at about $28,000. Golden State Wealth Management LLC increased its holdings in shares of CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after buying an additional 213 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 valued at $37,000 after acquiring an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Buying and Selling at CBRE Group

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction 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 sale, the chief executive officer directly owned 111,473 shares of the company's stock, valued at $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the firm'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 transaction, the chief accounting officer directly owned 26,717 shares of the company's stock, valued at $4,151,020.29. This represents a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,926 shares of company stock valued at $1,338,073. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CBRE shares. JPMorgan Chase & Co. raised their price target on CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. UBS Group lifted their target price on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Evercore ISI increased their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Finally, Keefe, Bruyette & Woods raised their price target 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. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.22.

CBRE Group Trading Down 1.2%

NYSE:CBRE traded down $2.02 during trading hours on Friday, hitting $163.88. The company had a trading volume of 915,626 shares, compared to its average volume of 1,473,643. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a 50-day moving average price of $153.99 and a 200 day moving average price of $137.11. The company has a market capitalization of $48.76 billion, a PE ratio of 45.91 and a beta of 1.36. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its 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 firm had revenue of $9.75 billion during the quarter, compared to analysts' expectations 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. On average, equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.