Ferguson Wellman Capital Management Inc. Grows Position in CBRE Group, Inc. $CBRE

Key Points

• Ferguson Wellman Capital Management Inc. increased its stake in CBRE Group, Inc. by 34.1% during the second quarter, holding a total of 17,451 shares valued at approximately $2.45 million.
• Several other institutional investors, including Valeo Financial Advisors LLC and Beverly Hills Private Wealth LLC, also boosted their investments in CBRE Group.
• CBRE Group reported earnings of $1.19 EPS for the last quarter, surpassing analysts' expectations, and set a FY 2025 guidance of 6.100-6.200 EPS.

Ferguson Wellman Capital Management Inc. boosted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 34.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,451 shares of the financial services provider's stock after acquiring an additional 4,434 shares during the quarter. Ferguson Wellman Capital Management Inc.'s holdings in CBRE Group were worth $2,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Baker Tilly Wealth Management LLC grew its position in shares of CBRE Group by 20.2% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 3,574 shares of the financial services provider's stock valued at $501,000 after acquiring an additional 601 shares during the period. Wedmont Private Capital boosted its stake in CBRE Group by 2.7% in the second quarter. Wedmont Private Capital now owns 4,138 shares of the financial services provider's stock valued at $578,000 after acquiring an additional 107 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of CBRE Group during the second quarter worth $1,743,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of CBRE Group by 11.5% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,361 shares of the financial services provider's stock worth $5,375,000 after purchasing an additional 3,968 shares during the last quarter. Finally, Czech National Bank increased its stake in shares of CBRE Group by 5.7% during the second quarter. Czech National Bank now owns 71,778 shares of the financial services provider's stock worth $10,058,000 after purchasing an additional 3,888 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBRE has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Evercore ISI upped their price target 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. Finally, UBS Group increased their price objective on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $165.22.

Insider Activity

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,926 shares of company stock valued at $1,338,073. Insiders own 0.42% of the company's stock.

CBRE Group Trading Down 1.1%

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

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