CBRE Group, Inc. $CBRE Shares Bought by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in CBRE Group, Inc. by 6.7%, acquiring an additional 3,936 shares during the second quarter, bringing its total holdings to 62,287 shares valued at approximately $8.7 million.
• CBRE Group's stock experienced a 1.1% decline, trading at $163.97, while its market capitalization stands at $48.79 billion.
• CBRE Group reported a quarterly earnings per share of $1.19, exceeding analysts' expectations, alongside a revenue of $9.75 billion, indicating strong performance in the financial services sector.

IFM Investors Pty Ltd boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,287 shares of the financial services provider's stock after buying an additional 3,936 shares during the period. IFM Investors Pty Ltd's holdings in CBRE Group were worth $8,728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in CBRE Group during the first quarter worth $26,000. Hughes Financial Services LLC acquired a new position in shares of CBRE Group in the 1st quarter valued at $28,000. Golden State Wealth Management LLC lifted its stake in shares of CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 213 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of CBRE Group by 97.4% in the 1st quarter. Quarry LP now owns 298 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Buying and Selling

In related news, 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 transaction, the chief accounting officer owned 26,717 shares in the company, valued at $4,151,020.29. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm's 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 transaction, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,494 shares of company stock worth $857,593 in the last quarter. 0.42% of the stock is owned by insiders.

CBRE Group Stock Performance

NYSE:CBRE traded up $0.35 during mid-day trading on Tuesday, reaching $162.96. 428,668 shares of the stock were exchanged, compared to its average volume of 1,776,260. The company has a 50 day simple moving average of $156.78 and a 200-day simple moving average of $138.18. The stock has a market capitalization of $48.49 billion, a P/E ratio of 45.64 and a beta of 1.36. The company has a quick ratio of 1.13, a current 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.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CBRE. Keefe, Bruyette & Woods upped their price target on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Evercore ISI upped their price target on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. UBS Group upped their price target on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. upped their price target on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.22.

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.