Patton Albertson Miller Group LLC Has $4.75 Million Stock Position in CBRE Group, Inc. $CBRE

Key Points

• Patton Albertson Miller Group LLC raised its stock position in CBRE Group, Inc. by 27.7%, now holding 33,866 shares valued at $4.75 million.
• CBRE Group reported quarterly earnings of $1.19 per share, exceeding the consensus estimate by $0.14, with revenue of $9.75 billion.
• Over the recent quarter, several institutional investors significantly increased their stake in CBRE Group, with institutional ownership now at 98.41%.

Patton Albertson Miller Group LLC increased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 27.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,866 shares of the financial services provider's stock after purchasing an additional 7,339 shares during the quarter. Patton Albertson Miller Group LLC's holdings in CBRE Group were worth $4,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in CBRE Group during the first quarter worth about $26,000. Hughes Financial Services LLC bought a new position in CBRE Group during the first quarter worth about $28,000. Golden State Wealth Management LLC boosted its holdings 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 during the last quarter. Finally, Quarry LP boosted its holdings in CBRE Group by 97.4% during the first quarter. Quarry LP now owns 298 shares of the financial services provider's stock worth $39,000 after buying an additional 147 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Up 1.1%

NYSE:CBRE opened at $157.99 on Friday. The firm has a market capitalization of $47.01 billion, a price-to-earnings ratio of 44.25 and a beta of 1.36. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $167.56. The stock's 50 day moving average price is $158.40 and its two-hundred day moving average price is $139.00. 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 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 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. Equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CBRE. Raymond James Financial raised their target price on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price objective on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, UBS Group lifted their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $165.22.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the transaction, the chief accounting officer directly owned 26,717 shares of the company's stock, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the business'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 value of $315,200.00. Following the transaction, the chief financial officer directly owned 103,371 shares in the company, valued at $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. In the last three months, insiders have sold 5,494 shares of company stock valued at $857,593. 0.42% of the stock is owned by insiders.

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.

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