FORA Capital LLC Takes $2.27 Million Position in CBRE Group, Inc. $CBRE

Key Points

• FORA Capital LLC has invested approximately $2.27 million in CBRE Group, acquiring 17,376 shares in the first quarter.
• Several hedge funds, including Valeo Financial Advisors and Beverly Hills Private Wealth, have also increased their stakes in CBRE Group during the same period.
• CBRE Group reported $1.19 earnings per share for the last quarter, surpassing analysts' expectations, and provided a fiscal year 2025 guidance of 6.100-6.200 EPS.

FORA Capital LLC bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,376 shares of the financial services provider's stock, valued at approximately $2,272,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CBRE. Brighton Jones LLC raised its holdings in shares of CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after acquiring an additional 11,065 shares in the last quarter. IHT Wealth Management LLC purchased a new stake in CBRE Group in the fourth quarter valued at approximately $201,000. Integrated Wealth Concepts LLC boosted its position in CBRE Group by 99.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 3,343 shares of the financial services provider's stock worth $439,000 after purchasing an additional 1,669 shares in the last quarter. Northern Trust Corp boosted its position in CBRE Group by 12.6% in the 4th quarter. Northern Trust Corp now owns 3,789,513 shares of the financial services provider's stock worth $497,525,000 after purchasing an additional 424,663 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in shares of CBRE Group by 7.7% during the 4th quarter. Lido Advisors LLC now owns 8,035 shares of the financial services provider's stock worth $1,055,000 after buying an additional 577 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Down 0.0%

NYSE CBRE traded down $0.01 during trading hours on Monday, reaching $161.98. The company had a trading volume of 1,399,012 shares, compared to its average volume of 1,518,471. The stock has a 50-day moving average of $149.51 and a 200 day moving average of $135.58. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $165.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $48.20 billion, a P/E ratio of 45.37 and a beta of 1.36.

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, beating analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The company 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. As a group, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CBRE. Evercore ISI upped their target price on CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. JPMorgan Chase & Co. increased their price objective on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. UBS Group increased their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 target price (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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $165.22.

Insider Buying and Selling at CBRE Group

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the transaction, the chief executive officer directly owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares of the company's stock, valued at $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,926 shares of company stock valued at $1,338,073 over the last 90 days. 0.42% of the stock is owned by insiders.

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.