MBB Public Markets I LLC Acquires New Holdings in CBRE Group, Inc. $CBRE

Key Points

• MBB Public Markets I LLC has acquired a new position in CBRE Group, purchasing 2,590 shares valued around $339,000.
• Institutional investors currently own 98.41% of CBRE Group's stock, with other hedge funds like United Services Automobile Association and Caxton Associates LLP also increasing their stakes.
• Analysts have raised price targets for CBRE Group, with an average target now at $165.22 reflecting a positive outlook on the stock.

MBB Public Markets I LLC acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,590 shares of the financial services provider's stock, valued at approximately $339,000.

Other institutional investors have also modified their holdings of the company. WPG Advisers LLC purchased a new stake in CBRE Group during the 1st quarter valued at $26,000. Investment Management Corp VA ADV purchased a new position in CBRE Group during the fourth quarter worth $28,000. Hughes Financial Services LLC purchased a new position in CBRE Group during the first quarter worth $28,000. Golden State Wealth Management LLC increased 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 valued at $32,000 after acquiring an additional 213 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 acquiring an additional 266 shares during the period. 98.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

CBRE has been the subject of a number of recent analyst reports. 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 reissued an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. JPMorgan Chase & Co. upped their target price on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Keefe, Bruyette & Woods increased their price target on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Finally, UBS Group raised 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Trading Up 2.1%

Shares of CBRE Group stock traded up $3.36 on Thursday, hitting $165.98. 1,621,283 shares of the company traded hands, compared to its average volume of 1,442,886. 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 company has a market cap of $49.39 billion, a PE ratio of 46.49 and a beta of 1.36. The stock's 50 day moving average price is $153.56 and its 200-day moving average price is $136.96. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $9.75 billion for the quarter, compared to analysts' expectations 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. Equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity

In related news, CAO Lindsey S. Caplan sold 1,935 shares of CBRE Group 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 completion of the sale, the chief accounting officer directly owned 20,131 shares in the company, valued at $2,818,340. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,926 shares of company stock worth $1,338,073. Company insiders own 0.42% of the company's stock.

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.