CBRE Group, Inc. $CBRE Shares Acquired by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC has significantly increased its stake in CBRE Group, Inc. by 360.9%, now owning 129,845 shares valued at approximately $16.98 million.
• CBRE Group reported earnings per share of $1.19 for the last quarter, surpassing the consensus estimate of $1.05, with revenue reaching $9.75 billion.
• Wall Street analysts have upgraded their price targets for CBRE Group, with a recent report from JPMorgan Chase raising it from $143.00 to $185.00 and assigning an "overweight" rating.

Intech Investment Management LLC boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 360.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 129,845 shares of the financial services provider's stock after acquiring an additional 101,676 shares during the period. Intech Investment Management LLC's holdings in CBRE Group were worth $16,981,000 at the end of the most recent quarter.

Other large investors 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. Investment Management Corp VA ADV purchased a new stake in shares of CBRE Group during the fourth quarter worth $28,000. Hughes Financial Services LLC purchased a new stake in shares of CBRE Group during the first quarter worth $28,000. Golden State Wealth Management LLC grew its holdings in shares of 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 buying an additional 213 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after buying an additional 266 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 target price (up previously 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 stock an "outperform" rating in a report on Monday, August 25th. UBS Group upped their price objective 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Seven 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, CBRE Group presently has a consensus rating of "Moderate Buy" and an average target price of $165.22.

Insiders Place Their Bets

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the sale, the chief executive officer owned 111,473 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $270,900.00. Following the sale, the chief accounting officer directly owned 20,131 shares in the company, valued at $2,818,340. This represents a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,926 shares of company stock valued at $1,338,073 over the last 90 days. 0.42% of the stock is owned by company insiders.

CBRE Group Trading Down 1.2%

CBRE stock traded down $2.02 during mid-day trading on Friday, hitting $163.88. 915,626 shares of the company were exchanged, compared to its average volume of 1,473,643. 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 market capitalization of $48.76 billion, a P/E ratio of 45.91 and a beta of 1.36. The business has a fifty day simple moving average of $153.99 and a 200-day simple moving average of $137.11. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $167.56.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its 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. The company had revenue of $9.75 billion during 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. On average, equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.