CBRE Group, Inc. $CBRE Shares Purchased by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its holdings in CBRE Group, Inc. by 11.7%, now owning 25,820 shares worth approximately $3.38 million.
• Several analysts have raised their price targets for CBRE Group, with JPMorgan Chase increasing theirs to $185.00, while the company holds an average rating of "Moderate Buy" with an average price target of $165.22.
• In the latest financial results, CBRE reported an earnings per share (EPS) of $1.19, exceeding analyst expectations, and set guidance for FY 2025 EPS between 6.100-6.200.

Focus Partners Wealth boosted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 11.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,820 shares of the financial services provider's stock after purchasing an additional 2,712 shares during the quarter. Focus Partners Wealth's holdings in CBRE Group were worth $3,377,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CBRE. Valeo Financial Advisors LLC grew its holdings in CBRE Group by 4.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 85 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its stake in CBRE Group by 1.9% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock valued at $663,000 after acquiring an additional 93 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of CBRE Group by 1.3% during the first quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider's stock worth $1,064,000 after purchasing an additional 102 shares during the last quarter. Legacy Advisors LLC increased its holdings in CBRE Group by 6.4% in the first quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider's stock valued at $234,000 after buying an additional 108 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in CBRE Group by 5.1% during the first quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider's stock worth $293,000 after acquiring an additional 108 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CBRE. JPMorgan Chase & Co. boosted their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Morgan Stanley reissued an "overweight" rating and issued a $170.00 price target (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Evercore ISI upped their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. Finally, Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $165.22.

CBRE Group Stock Up 0.9%

Shares of CBRE Group stock traded up $1.44 during trading hours on Thursday, hitting $165.77. The company had a trading volume of 1,095,863 shares, compared to its average volume of 1,780,840. The company's 50-day moving average is $155.39 and its two-hundred day moving average is $137.62. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $167.56. 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 company has a market cap of $49.32 billion, a P/E ratio of 46.43 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating 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 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. Analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction 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 approximately $17,267,167.70. This represents a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction 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 of the company's stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,926 shares of company stock worth $1,338,073. Corporate insiders own 0.42% of the company's stock.

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.