PEAK6 LLC Buys 19,660 Shares of CBRE Group, Inc. $CBRE

Key Points

• PEAK6 LLC increased its stake in CBRE Group, Inc. by 5,715.1% in Q1, owning 20,004 shares worth approximately $2.62 million after acquiring an additional 19,660 shares.
• Several institutional investors, including Principal Financial Group and JPMorgan Chase & Co., also enhanced their positions in CBRE Group, with the combined institutional ownership reaching 98.41%.
• Research analysts have recently upgraded their price targets for CBRE Group, with a consensus target of $165.22 and a mixed rating of seven 'Buy' and two 'Hold' ratings.

PEAK6 LLC lifted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 5,715.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,004 shares of the financial services provider's stock after purchasing an additional 19,660 shares during the quarter. PEAK6 LLC's holdings in CBRE Group were worth $2,616,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sowell Financial Services LLC acquired a new position in CBRE Group during the first quarter worth $256,000. Cambridge Investment Research Advisors Inc. lifted its position in CBRE Group by 21.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock worth $968,000 after purchasing an additional 1,310 shares during the period. USA Financial Formulas bought a new stake in CBRE Group during the first quarter worth about $1,101,000. Golden State Wealth Management LLC lifted 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 purchasing an additional 213 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of CBRE Group by 4.8% in the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock worth $1,042,317,000 after acquiring an additional 368,214 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CBRE. UBS Group raised their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Raymond James Financial lifted 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. JPMorgan Chase & Co. lifted their target price on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Evercore ISI lifted their target price on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Finally, Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Stock Performance

CBRE traded down $0.01 during trading hours on Friday, hitting $161.98. 1,399,012 shares of the stock were exchanged, compared to its average volume of 1,518,471. 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 stock has a market cap of $48.20 billion, a price-to-earnings ratio of 45.37 and a beta of 1.36. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $165.41. The stock has a 50-day simple moving average of $149.51 and a 200-day simple moving average of $135.58.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The firm 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. Analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business'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 owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,935 shares of the business's 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 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 disclosure for this sale can be found here. Over the last three months, insiders sold 8,926 shares of company stock worth $1,338,073. 0.42% of the stock is owned by corporate 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.