Public Employees Retirement System of Ohio Buys 10,603 Shares of CBRE Group, Inc. $CBRE

Key Points

• The Public Employees Retirement System of Ohio increased its stake in CBRE Group, Inc. by 8.9%, acquiring an additional 10,603 shares during Q2, bringing its total holdings to 129,416 shares worth approximately $18.1 million.
• Several analysts forecast a positive outlook for CBRE, with price targets raised by firms like JPMorgan and Evercore ISI, indicating confidence in the stock's performance with a consensus target price of $165.22.
• Insider selling activity was noted, including a sale of 2,000 shares by CFO Emma E. Giamartino, showing a 1.90% decrease in her holdings, which raises questions about insider sentiment.

Public Employees Retirement System of Ohio lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 8.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,416 shares of the financial services provider's stock after purchasing an additional 10,603 shares during the quarter. Public Employees Retirement System of Ohio's holdings in CBRE Group were worth $18,134,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in shares of CBRE Group in the first quarter worth about $26,000. Hughes Financial Services LLC bought a new stake in CBRE Group during the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC lifted its stake in CBRE Group by 687.1% in 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. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 266 shares during the period. Finally, Quarry LP grew its position in shares of CBRE Group by 97.4% during the 1st quarter. Quarry LP now owns 298 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Raymond James Financial raised their price target on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods lifted their price target on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Evercore ISI lifted their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.22.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the 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 completion of the sale, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the sale, the chief accounting officer directly owned 26,717 shares of the company's stock, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,494 shares of company stock valued at $857,593. Insiders own 0.42% of the company's stock.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $156.34 on Friday. The stock's 50-day moving average is $158.03 and its 200 day moving average is $138.70. The stock has a market cap of $46.52 billion, a price-to-earnings ratio of 43.79 and a beta of 1.36. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56. 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 (NYSE:CBRE - Get Free Report) last issued 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. The business had revenue of $9.75 billion during 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. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.