Raymond James Financial Inc. Has $36.23 Million Stock Holdings in CBRE Group, Inc. $CBRE

Key Points

• Raymond James Financial Inc. reduced its holdings in CBRE Group, Inc. by 0.7%, owning 277,064 shares valued at approximately $36.2 million after selling 2,034 shares during the first quarter.
• Major hedge funds such as Principal Financial Group and JPMorgan Chase & Co. increased their positions in CBRE Group significantly, indicating strong institutional interest, with hedge funds owning 98.41% of the company's stock.
• CBRE Group reported second-quarter earnings of $1.19 per share, surpassing estimates, and raised its full-year EPS guidance to between 6.100-6.200, showcasing robust financial performance.

Raymond James Financial Inc. trimmed its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 277,064 shares of the financial services provider's stock after selling 2,034 shares during the quarter. Raymond James Financial Inc. owned 0.09% of CBRE Group worth $36,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after purchasing an additional 11,065 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of CBRE Group by 901.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 2,553 shares of the financial services provider's stock worth $335,000 after purchasing an additional 2,298 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in shares of CBRE Group during the 4th quarter worth $201,000. Price T Rowe Associates Inc. MD grew its holdings in shares of CBRE Group by 85.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider's stock worth $281,984,000 after purchasing an additional 991,354 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in shares of CBRE Group by 64.6% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 11,700 shares of the financial services provider's stock worth $1,536,000 after purchasing an additional 4,590 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CBRE has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday. Keefe, Bruyette & Woods increased their target price on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Morgan Stanley reissued an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Raymond James Financial upped their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Finally, UBS Group upped their price objective on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research 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 stock. Based on data from MarketBeat, CBRE Group presently has a consensus rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Price Performance

Shares of CBRE stock traded down $0.99 on Thursday, hitting $162.05. 634,019 shares of the company's stock were exchanged, compared to its average volume of 1,803,906. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $165.41. The stock has a market cap of $48.22 billion, a P/E ratio of 45.41 and a beta of 1.34. The company has a 50 day moving average of $148.37 and a 200 day moving average of $135.41.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.05 by $0.14. The firm had revenue of $9.75 billion during the quarter, compared to the consensus estimate 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, equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other CBRE Group 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 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 trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $270,900.00. Following the completion of 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 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 currently 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.