Kovitz Investment Group Partners LLC Buys 50,521 Shares of CBRE Group, Inc. $CBRE

Key Points

• Kovitz Investment Group Partners LLC increased its holdings in CBRE Group, Inc. by 63.6% in Q1, now owning 129,988 shares worth approximately $17 million.
• Multiple institutional investors have also raised their stakes in CBRE Group, contributing to a total ownership of 98.41% of the company's stock by hedge funds and other institutional investors.
• Equities analysts have adjusted their price targets for CBRE Group, with the consensus target price rising to $158.00 and the average rating being "Moderate Buy."

Kovitz Investment Group Partners LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 63.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,988 shares of the financial services provider's stock after acquiring an additional 50,521 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in CBRE Group were worth $17,000,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its position in CBRE Group by 217.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after acquiring an additional 2,680,337 shares during the last quarter. Nuveen LLC purchased a new stake in shares of CBRE Group during the 1st quarter valued at about $214,283,000. GAMMA Investing LLC lifted its stake in shares of CBRE Group by 20,889.0% in the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock worth $168,896,000 after purchasing an additional 1,285,300 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of CBRE Group by 85.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider's stock worth $281,984,000 after buying an additional 991,354 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of CBRE Group by 212.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider's stock worth $142,633,000 after buying an additional 741,477 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on CBRE shares. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley restated an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Raymond James Financial upped their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, UBS Group increased their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $158.00.

CBRE Group Trading Up 0.5%

NYSE CBRE traded up $0.8530 during trading hours on Wednesday, hitting $160.8330. 1,523,496 shares of the company were exchanged, compared to its average volume of 1,738,550. The stock has a market cap of $47.86 billion, a PE ratio of 45.05 and a beta of 1.34. The stock has a 50-day moving average price of $145.42 and a 200 day moving average price of $134.76. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $161.81. 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 (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS 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. Analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. This represents 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 this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the 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 completion of the sale, the chief executive officer owned 111,473 shares in the company, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,926 shares of company stock valued at $1,338,073 in the last ninety days. 0.42% of the stock is owned by company 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.