Intrua Financial LLC Invests $238,000 in CBRE Group, Inc. $CBRE

Key Points

• Intrua Financial LLC has acquired 1,821 shares of CBRE Group, Inc., valued at approximately $238,000, marking a new position for the institutional investor.
• Several hedge funds have adjusted their holdings, with Acadian Asset Management LLC increasing its stake by 183.7%, now holding 141,403 shares worth $18.5 million.
• Equities analysts have upgraded their ratings for CBRE Group, with an average price target of $165.22 and seven analysts rating the stock as a Buy.

Intrua Financial LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,821 shares of the financial services provider's stock, valued at approximately $238,000.

Other large investors also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC grew its holdings in CBRE Group by 4.0% during the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock valued at $290,000 after purchasing an additional 85 shares during the period. Beverly Hills Private Wealth LLC grew its holdings in CBRE Group by 1.9% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock valued at $663,000 after buying an additional 93 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in CBRE Group by 1.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider's stock valued at $1,064,000 after buying an additional 102 shares in the last quarter. Legacy Advisors LLC raised its position in CBRE Group by 6.4% in the 1st quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider's stock worth $234,000 after purchasing an additional 108 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of CBRE Group by 5.1% during the first quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider's stock valued at $293,000 after purchasing an additional 108 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CBRE. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. UBS Group increased their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Evercore ISI boosted 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. 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 report on Tuesday, August 26th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $2.90 during trading on Tuesday, reaching $162.66. 1,462,866 shares of the company traded hands, compared to its average volume of 1,785,891. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $167.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a market cap of $48.40 billion, a P/E ratio of 45.56 and a beta of 1.36. The firm's fifty day simple moving average is $154.90 and its 200 day simple moving average is $137.43.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion during 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. As a group, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the sale, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business's stock in a transaction 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 directly owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,926 shares of company stock valued at $1,338,073 in the last 90 days. 0.42% of the stock is owned by insiders.

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.