Norinchukin Bank The Boosts Stake in CBRE Group, Inc. $CBRE

Key Points

• Norinchukin Bank The increased its position in CBRE Group, Inc. by 13.9% during the first quarter, bringing its total holdings to $2.03 million.
• Several institutional investors, including Price T Rowe Associates and Credit Agricole S A, also raised their stakes in CBRE Group, highlighting strong interest from the investment community.
• CBRE Group reported earnings per share of $1.19 for the last quarter, exceeding expectations and demonstrating revenue growth that supports a positive outlook for the company.

Norinchukin Bank The grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 13.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,553 shares of the financial services provider's stock after buying an additional 1,901 shares during the period. Norinchukin Bank The's holdings in CBRE Group were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CBRE. Brighton Jones LLC lifted its holdings in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after purchasing an additional 11,065 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of CBRE Group by 901.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,553 shares of the financial services provider's stock valued at $335,000 after purchasing an additional 2,298 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of CBRE Group by 202.4% in the 4th quarter. OneDigital Investment Advisors LLC now owns 10,648 shares of the financial services provider's stock valued at $1,398,000 after purchasing an additional 7,127 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in shares of CBRE Group in the 4th quarter valued at about $201,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of CBRE Group by 85.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider's stock valued at $281,984,000 after purchasing an additional 991,354 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on CBRE shares. Keefe, Bruyette & Woods boosted 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. JPMorgan Chase & Co. boosted their target price on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday. Raymond James Financial boosted their target price on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Morgan Stanley restated an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Finally, Evercore ISI boosted their price target on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $165.22.

CBRE Group Stock Performance

NYSE CBRE traded down $0.22 on Wednesday, hitting $163.20. 1,501,557 shares of the company's stock were exchanged, compared to its average volume of 1,807,769. 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's 50-day moving average price is $147.77 and its two-hundred day moving average price is $135.21. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $165.41. The firm has a market cap of $48.56 billion, a price-to-earnings ratio of 45.71 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last released 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. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The company had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $2,818,340. This represents a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the company's 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. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. In 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.