Hudson Valley Investment Advisors Inc. ADV Has $5.52 Million Stock Holdings in CBRE Group, Inc. $CBRE

Key Points

• Hudson Valley Investment Advisors Inc. increased its stake in CBRE Group by 14.4% in Q2, holding 39,411 shares valued at approximately $5.52 million.
• Analyst ratings for CBRE Group have improved, with eight analysts giving it a Buy rating and raising target prices, including JPMorgan's increase from $143 to $185.
• CBRE Group reported a net margin of 2.86% and a revenue of $9.75 billion for the last quarter, exceeding analysts' expectations significantly.

Hudson Valley Investment Advisors Inc. ADV lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 14.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,411 shares of the financial services provider's stock after buying an additional 4,965 shares during the period. Hudson Valley Investment Advisors Inc. ADV's holdings in CBRE Group were worth $5,522,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. lifted its stake in CBRE Group by 0.4% in the 2nd quarter. QRG Capital Management Inc. now owns 190,134 shares of the financial services provider's stock valued at $26,642,000 after purchasing an additional 679 shares during the last quarter. Hilltop National Bank acquired a new stake in CBRE Group in the 2nd quarter valued at about $239,000. SOA Wealth Advisors LLC. acquired a new stake in CBRE Group in the 2nd quarter valued at about $131,000. BCO Wealth Management LLC lifted its stake in CBRE Group by 6.1% in the 2nd quarter. BCO Wealth Management LLC now owns 2,956 shares of the financial services provider's stock valued at $414,000 after purchasing an additional 171 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A lifted its stake in CBRE Group by 12.9% in the 2nd quarter. OLD Point Trust & Financial Services N A now owns 4,383 shares of the financial services provider's stock valued at $614,000 after purchasing an additional 500 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. UBS Group increased their price target 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. Raymond James Financial increased their price target 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. Finally, Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Stock Up 0.3%

NYSE CBRE opened at $156.12 on Friday. 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, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56. The company has a 50 day moving average of $159.66 and a 200-day moving average of $139.99. The company has a market cap of $46.45 billion, a price-to-earnings ratio of 43.73 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share 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 during 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, equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,494 shares of company stock worth $857,593. Corporate insiders own 0.42% of the company's stock.

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.

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.