Jump Financial LLC Makes New $728,000 Investment in CBRE Group, Inc. $CBRE

Key Points

• Jump Financial LLC acquired a new stake in CBRE Group, purchasing 5,564 shares valued at approximately $728,000 in the first quarter of 2023.
• Several other institutional investors, including APG Asset Management and SVB Wealth LLC, have also increased their stakes in CBRE Group this quarter, showcasing strong institutional interest with over 98% of the company's stock owned by hedge funds and institutions.
• Analyst ratings for CBRE Group have been predominantly positive, with firms like Evercore ISI and JPMorgan Chase raising their target prices and rating the stock as "outperform" and "overweight," reflecting an average target price of $165.22.

Jump Financial LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,564 shares of the financial services provider's stock, valued at approximately $728,000.

A number of other hedge funds also recently modified their holdings of CBRE. Investment Management Corp VA ADV bought a new position in CBRE Group during the fourth quarter worth $28,000. Hughes Financial Services LLC bought a new stake in CBRE Group in the first quarter valued at $28,000. Golden State Wealth Management LLC increased its stake in 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 valued at $32,000 after purchasing an additional 213 shares in the last quarter. Colonial Trust Co SC increased its stake in CBRE Group by 183.7% in the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in CBRE Group by 1,400.0% in the first 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 in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on CBRE. Raymond James Financial lifted their price target on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. UBS Group boosted their price target on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Evercore ISI upped their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.22.

Insider Transactions at CBRE Group

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction 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 sale, the chief executive officer owned 111,473 shares of the company's stock, valued at $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,926 shares of company stock valued at $1,338,073. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Stock Performance

NYSE CBRE traded down $0.71 during trading hours on Wednesday, hitting $158.85. 2,053,381 shares of the company's stock traded hands, compared to its average volume of 1,810,276. The business's fifty day moving average price is $150.38 and its two-hundred day moving average price is $135.88. 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 firm has a market capitalization of $47.26 billion, a P/E ratio of 44.49 and a beta of 1.36. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $165.41.

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 (EPS) for the quarter, beating 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. Equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.