HB Wealth Management LLC Acquires 3,716 Shares of CBRE Group, Inc. $CBRE

Key Points

• HB Wealth Management LLC increased its holdings in CBRE Group, Inc. by 9.7%, acquiring an additional 3,716 shares, bringing its total to 41,985 shares worth $5,883,000.
• Insider trading showed CEO Vikramaditya Kohli sold 1,000 shares at $154.90, reducing his ownership by 0.89%, while the company has seen a significant amount of institutional investment, with 98.41% of the stock owned by hedge funds and other institutional investors.
• Wall Street analysts have a Moderate Buy rating for CBRE Group, with target prices raised by several firms, including a boost from Evercore ISI from $164.00 to $185.00.

HB Wealth Management LLC increased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 9.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,985 shares of the financial services provider's stock after buying an additional 3,716 shares during the period. HB Wealth Management LLC's holdings in CBRE Group were worth $5,883,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC purchased a new stake in shares of CBRE Group in the first quarter worth about $256,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of CBRE Group by 21.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock worth $968,000 after buying an additional 1,310 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of CBRE Group in the first quarter worth about $1,101,000. Golden State Wealth Management LLC lifted its position in shares of CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after buying an additional 213 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of CBRE Group by 4.8% in 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 buying an additional 368,214 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CBRE Group

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was 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 in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer owned 26,717 shares in the company, valued at approximately $4,151,020.29. The trade was 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 5,494 shares of company stock worth $857,593. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, UBS Group upped their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Trading Down 1.0%

Shares of NYSE CBRE opened at $157.37 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. The business's 50 day moving average price is $159.03 and its 200-day moving average price is $139.48. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $167.56. The company has a market cap of $46.83 billion, a price-to-earnings ratio of 44.08 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results 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. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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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