Legacy Financial Advisors Inc. Makes New Investment in CBRE Group, Inc. $CBRE

Key Points

• Legacy Financial Advisors Inc. has made a new investment of $214,000 in CBRE Group, Inc., acquiring 1,635 shares during the first quarter of the year.
• In the fourth quarter, other large investors such as Brighton Jones LLC and TD Waterhouse Canada Inc. significantly increased their stakes in CBRE Group, indicating strong institutional interest.
• CBRE Group reported a quarterly earnings per share (EPS) of $1.19, surpassing analysts' expectations, with a revenue of $9.75 billion for the quarter.

Legacy Financial Advisors Inc. 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,635 shares of the financial services provider's stock, valued at approximately $214,000.

Other large investors have also added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new stake in CBRE Group during the fourth quarter worth approximately $28,000. Hughes Financial Services LLC acquired a new stake in CBRE Group during the first quarter worth approximately $28,000. Golden State Wealth Management LLC grew its position in 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. Colonial Trust Co SC grew its position in CBRE Group by 183.7% during the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after buying an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in 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. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Trading Down 1.0%

NYSE:CBRE traded down $1.59 during trading hours on Tuesday, hitting $163.39. 312,769 shares of the company were exchanged, compared to its average volume of 1,796,735. The stock has a market capitalization of $48.62 billion, a price-to-earnings ratio of 45.78 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $165.41. The company has a fifty day simple moving average of $147.15 and a 200 day simple moving average of $135.02.

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, topping the consensus estimate of $1.05 by $0.14. The business had revenue of $9.75 billion during the quarter, compared to analyst estimates 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. Sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 103,371 shares of the company's stock, valued at $16,291,269.60. This trade represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $270,900.00. Following the sale, the chief accounting officer owned 20,131 shares of the company's stock, valued at approximately $2,818,340. The trade was a 8.77% decrease in their ownership of the stock. 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 in the last three months. Insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of analyst reports. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Morgan Stanley reissued an "overweight" rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. UBS Group raised their target price on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their target price on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods raised their target price on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and an average price target of $165.22.

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.