Fuller & Thaler Asset Management Inc. Boosts Position in CBRE Group, Inc. $CBRE

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in CBRE Group, Inc. by 21.9%, bringing its total investment in the company to approximately $1.87 million after acquiring an additional 2,560 shares.
• Several institutional investors, including Massachusetts Financial Services Co. MA and GAMMA Investing LLC, have significantly increased their positions in CBRE Group during the first quarter, indicating strong institutional interest in the stock.
• Wall Street analysts have shown positive sentiment, with seven analysts rating CBRE Group as a Buy, and the consensus price target set at $158.00, reflecting expectations of growth.

Fuller & Thaler Asset Management Inc. boosted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 21.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,260 shares of the financial services provider's stock after acquiring an additional 2,560 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in CBRE Group were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new position in CBRE Group during the first quarter worth about $256,000. Cambridge Investment Research Advisors Inc. raised its position in CBRE Group by 21.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock worth $968,000 after acquiring an additional 1,310 shares during the last quarter. USA Financial Formulas acquired a new position in CBRE Group during the first quarter worth about $1,101,000. Golden State Wealth Management LLC raised its position in CBRE Group by 687.1% during the first 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 last quarter. Finally, Principal Financial Group Inc. raised its position in CBRE Group by 4.8% during the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after acquiring an additional 368,214 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $270,900.00. Following the transaction, the chief accounting officer owned 20,131 shares in the company, valued at approximately $2,818,340. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the transaction, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. The trade was a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,926 shares of company stock worth $1,338,073 in the last three months. Company insiders own 0.42% of the company's stock.

CBRE Group Trading Down 1.0%

Shares of CBRE stock traded down $1.59 during trading hours on Tuesday, hitting $163.39. 312,769 shares of the company were exchanged, compared to its average volume of 1,796,735. The firm has a market cap of $48.62 billion, a PE ratio of 45.78 and a beta of 1.34. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $165.41. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of $147.15 and a 200 day moving average of $135.02.

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

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of recent research reports. Raymond James Financial upped their target price on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Morgan Stanley restated an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Evercore ISI upped their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, UBS Group upped their target price on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.