Focus Partners Advisor Solutions LLC Makes New $404,000 Investment in CBRE Group, Inc. $CBRE

Key Points

• Focus Partners Advisor Solutions LLC made a new investment of approximately $404,000 in CBRE Group, Inc. by acquiring 3,091 shares during the first quarter.
• CBRE Group recently reported earnings of $1.19 per share, exceeding estimates of $1.05, with quarterly revenue reaching $9.75 billion.
• A number of analysts have raised their price targets for CBRE Group, with Evercore ISI increasing theirs from $164.00 to $185.00, rating the stock as "outperform."

Focus Partners Advisor Solutions LLC acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,091 shares of the financial services provider's stock, valued at approximately $404,000.

A number of other large investors also recently bought and sold shares of the company. WPG Advisers LLC acquired a new stake in CBRE Group in the 1st quarter valued at about $26,000. Investment Management Corp VA ADV acquired a new stake in CBRE Group in the 4th quarter valued at about $28,000. Hughes Financial Services LLC acquired a new stake in CBRE Group in the 1st quarter valued at about $28,000. Golden State Wealth Management LLC grew its stake 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 valued at $32,000 after acquiring an additional 213 shares during the last quarter. Finally, Colonial Trust Co SC grew its stake in CBRE Group by 183.7% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Price Performance

CBRE Group stock opened at $164.37 on Friday. The firm's 50-day moving average is $151.81 and its two-hundred day moving average 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. The stock has a market capitalization of $48.91 billion, a P/E ratio of 46.04 and a beta of 1.36.

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 (EPS) 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 business had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the firm'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 sale, the chief executive officer directly owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Lindsey S. Caplan sold 1,494 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at $4,151,020.29. This represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,926 shares of company stock valued at $1,338,073. Insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CBRE shares. Evercore ISI increased their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. UBS Group raised their price target 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. JPMorgan Chase & Co. raised their price target 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. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.

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