Northwestern Mutual Wealth Management Co. Purchases 1,821 Shares of CBRE Group, Inc. $CBRE

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in CBRE Group, Inc. by 10.7%, acquiring a total of 18,905 shares valued at approximately $2.47 million.
• Multiple analysts have recently upgraded their ratings for CBRE Group, with several setting higher price targets; the company's average rating is now "Moderate Buy" with a target of $165.22.
• CBRE Group reported strong quarterly earnings, surpassing expectations with an earnings per share of $1.19 and revenue of $9.75 billion, reflecting a positive outlook for the financial services provider.

Northwestern Mutual Wealth Management Co. boosted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,905 shares of the financial services provider's stock after buying an additional 1,821 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in CBRE Group were worth $2,472,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Investment Management Corp VA ADV bought a new stake in CBRE Group during the 4th quarter worth approximately $28,000. Hughes Financial Services LLC bought a new stake in CBRE Group during the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC increased its holdings in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after purchasing an additional 213 shares in the last quarter. Colonial Trust Co SC increased its holdings in CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after purchasing an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after purchasing an additional 266 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Raymond James Financial boosted their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Evercore ISI boosted their target price on CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research note on Monday, August 25th. UBS Group boosted their target price on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, JPMorgan Chase & Co. boosted their target price on CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Price Performance

CBRE Group stock opened at $161.98 on Friday. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $165.41. 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 business's 50 day simple moving average is $149.51 and its 200 day simple moving average is $135.67. The company has a market cap of $48.20 billion, a price-to-earnings ratio of 45.37 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.14. The firm had revenue of $9.75 billion for the quarter, compared to analysts' expectations 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. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 20,131 shares of the company's stock, valued at $2,818,340. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the transaction, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,926 shares of company stock valued at $1,338,073 over the last 90 days. 0.42% of the stock is owned by 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.

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