Entropy Technologies LP Acquires New Position in CBRE Group, Inc. (NYSE:CBRE)

Key Points

• Entropy Technologies LP invested approximately $629,000 to acquire 4,807 shares of CBRE Group, Inc. in the first quarter, reflecting growing interest from large institutional investors.
• Several large investors like Brighton Jones LLC and Federated Hermes Inc. have significantly increased their holdings in CBRE Group, indicating a robust confidence in the company's performance.
• Analysts have raised the price targets for CBRE Group, with UBS setting a target of $146.00 and Morgan Stanley at $170.00, reflecting positive market sentiment towards the company's stock.

Entropy Technologies LP purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,807 shares of the financial services provider's stock, valued at approximately $629,000.

Other large investors also recently bought and sold shares of the company. Investment Management Corp VA ADV acquired a new position in shares of CBRE Group during the fourth quarter worth about $28,000. Hughes Financial Services LLC acquired a new position in CBRE Group during the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC boosted its holdings in 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 period. Colonial Trust Co SC grew its position in CBRE Group by 183.7% in the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in CBRE Group by 1,400.0% in the first 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 in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $270,900.00. Following the completion of the sale, the chief accounting officer owned 20,131 shares in the company, valued at $2,818,340. This trade represents a 8.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, the chief financial officer directly owned 103,371 shares of the company's stock, valued at $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,898 shares of company stock worth $1,592,658 in the last 90 days. 0.42% of the stock is owned by company insiders.

CBRE Group Stock Performance

CBRE Group stock traded up $0.43 during mid-day trading on Friday, reaching $158.97. The company had a trading volume of 1,567,384 shares, compared to its average volume of 1,823,192. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $161.03. The company has a 50 day moving average of $143.77 and a 200-day moving average of $134.44. The firm has a market cap of $47.30 billion, a price-to-earnings ratio of 44.53 and a beta of 1.34.

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 for the quarter, beating the consensus estimate of $1.05 by $0.14. The business 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%. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CBRE shares. Keefe, Bruyette & Woods upped 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. Evercore ISI raised their target price on CBRE Group from $147.00 to $164.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. UBS Group increased their price target on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Finally, Raymond James Financial increased their target price on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CBRE Group currently has an average rating of "Moderate Buy" and a consensus price target of $158.00.

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.