Price T Rowe Associates Inc. MD Increases Stock Position in CBRE Group, Inc. $CBRE

Key Points

• Price T Rowe Associates Inc. has increased its stake in CBRE Group, Inc. by 6.1%, owning 2,278,697 shares worth approximately $298 million as of the latest SEC filing.
• Several hedge funds have also significantly raised their stakes in CBRE, indicating strong institutional investor interest, with over 98% of the company's stock owned by institutional investors and hedge funds.
• CBRE Group recently reported earnings per share (EPS) of $1.19 for the quarter, surpassing the consensus estimate of $1.05, alongside a revenue of $9.75 billion.

Price T Rowe Associates Inc. MD increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,278,697 shares of the financial services provider's stock after purchasing an additional 130,914 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.76% of CBRE Group worth $298,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CBRE. Investment Management Corp VA ADV acquired a new stake in CBRE Group in the fourth quarter valued at $28,000. Hughes Financial Services LLC acquired a new stake in CBRE Group in the first quarter valued at $28,000. Golden State Wealth Management LLC raised its stake in CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after buying an additional 213 shares in the last quarter. Colonial Trust Co SC raised its stake in CBRE Group by 183.7% in the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after buying an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in 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 buying an additional 266 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm's 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 of the company's stock, valued at $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Lindsey S. Caplan sold 1,935 shares of the firm's 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 transaction, the chief accounting officer directly owned 20,131 shares in the company, valued at approximately $2,818,340. This represents a 8.77% 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 quarter. 0.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Morgan Stanley reiterated an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. JPMorgan Chase & Co. lifted their target price on CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday. Evercore ISI lifted their target price on CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Raymond James Financial lifted their target price on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $0.22 during midday trading on Wednesday, reaching $163.20. 1,543,788 shares of the company were exchanged, compared to its average volume of 1,811,287. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $165.41. The stock has a fifty day simple moving average of $148.37 and a 200 day simple moving average of $135.41. The stock has a market cap of $48.56 billion, a P/E ratio of 45.71 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 (EPS) 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 analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.