KLP Kapitalforvaltning AS Purchases 2,300 Shares of CBRE Group, Inc. $CBRE

Key Points

• KLP Kapitalforvaltning AS increased its stake in CBRE Group, purchasing an additional 2,300 shares, bringing its total holdings to 106,751 shares, valued at approximately $14.96 million.
• Recent analyst upgrades have boosted CBRE Group's price targets, with JPMorgan Chase lifting its target from $143.00 to $185.00 and eight analysts issuing buy ratings for the stock.
• CBRE Group reported $1.19 EPS in its latest quarterly earnings, exceeding expectations, with a revenue of $9.75 billion for the quarter.

KLP Kapitalforvaltning AS raised its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,751 shares of the financial services provider's stock after acquiring an additional 2,300 shares during the period. KLP Kapitalforvaltning AS's holdings in CBRE Group were worth $14,958,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CBRE. Brighton Jones LLC boosted its holdings in shares of CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after acquiring an additional 11,065 shares during the period. Merit Financial Group LLC boosted its holdings in shares of CBRE Group by 82.5% during the first quarter. Merit Financial Group LLC now owns 3,559 shares of the financial services provider's stock worth $465,000 after acquiring an additional 1,609 shares during the period. Wedmont Private Capital raised its position in shares of CBRE Group by 7.6% in the first quarter. Wedmont Private Capital now owns 4,031 shares of the financial services provider's stock valued at $527,000 after buying an additional 284 shares in the last quarter. OLD National Bancorp IN raised its position in shares of CBRE Group by 29.4% in the first quarter. OLD National Bancorp IN now owns 2,270 shares of the financial services provider's stock valued at $297,000 after buying an additional 516 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of CBRE Group in the first quarter valued at approximately $559,000. Institutional investors own 98.41% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CBRE. JPMorgan Chase & Co. lifted their price target on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Morgan Stanley lifted their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday. 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 report on Thursday, July 24th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of CBRE Group in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $166.33.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the business'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 owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Lindsey S. Caplan sold 1,494 shares of the business's stock in a transaction 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 sale, the chief accounting officer directly owned 26,717 shares in the company, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,494 shares of company stock valued at $857,593. 0.42% of the stock is currently owned by insiders.

CBRE Group Stock Down 0.7%

Shares of CBRE opened at $151.66 on Thursday. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56. The company has a market cap of $45.13 billion, a P/E ratio of 42.48 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $159.56 and a two-hundred day simple moving average of $140.46.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The business 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. Research analysts forecast that CBRE Group, Inc. will post 5.99 EPS 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.

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