Hahn Capital Management LLC Has $13.45 Million Stock Position in CBRE Group, Inc. $CBRE

Key Points

• Hahn Capital Management LLC reduced its holdings in CBRE Group, Inc. by 10.6%, selling 12,173 shares, and still retains approximately 6.5% of its total investments in the company.
• Several hedge funds adjusted their positions in CBRE Group, with notable increases from Acadian Asset Management LLC by 183.7%, now owning 141,403 shares.
• Wall Street analysts have a positive outlook on CBRE, with multiple firms providing "overweight" ratings and increasing target prices, indicating a consensus rating of "Moderate Buy."

Hahn Capital Management LLC lessened its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,856 shares of the financial services provider's stock after selling 12,173 shares during the period. CBRE Group makes up 6.5% of Hahn Capital Management LLC's portfolio, making the stock its biggest position. Hahn Capital Management LLC's holdings in CBRE Group were worth $13,452,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in CBRE Group by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock valued at $1,042,317,000 after buying an additional 368,214 shares during the period. Invesco Ltd. increased its stake in CBRE Group by 6.6% during the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider's stock valued at $837,938,000 after buying an additional 397,818 shares during the period. Massachusetts Financial Services Co. MA increased its stake in CBRE Group by 217.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after buying an additional 2,680,337 shares during the period. Northern Trust Corp increased its stake in CBRE Group by 2.1% during the 1st quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider's stock valued at $506,158,000 after buying an additional 80,791 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in CBRE Group by 24.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock valued at $487,127,000 after buying an additional 738,704 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Trading Up 1.0%

Shares of CBRE traded up $1.71 during midday trading on Wednesday, hitting $164.55. The stock had a trading volume of 486,975 shares, compared to its average volume of 1,778,355. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $167.56. The business has a 50-day simple moving average of $154.90 and a two-hundred day simple moving average of $137.43. The firm has a market cap of $48.96 billion, a P/E ratio of 46.19 and a beta of 1.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. The business had revenue of $9.75 billion during the quarter, compared to analysts' expectations 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. As a group, equities analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price objective (up previously 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. JPMorgan Chase & Co. lifted their price objective 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. UBS Group lifted their price objective 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. Finally, Evercore ISI lifted their price objective 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. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and an average price target of $165.22.

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 transaction of $154,900.00. Following the completion of the sale, the chief executive officer directly owned 111,473 shares in the company, 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 document filed with the SEC, which can be accessed through 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 sale, the chief accounting officer owned 26,717 shares of the company's stock, valued at approximately $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 sold 8,926 shares of company stock worth $1,338,073. 0.42% of the stock is owned by company insiders.

CBRE Group 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.