SCS Capital Management LLC Makes New $318,000 Investment in CBRE Group, Inc. $CBRE

Key Points

• SCS Capital Management LLC has invested approximately $318,000 in CBRE Group, acquiring 2,433 shares in the 1st quarter.
• CBRE Group reported a Q2 earnings per share (EPS) of $1.19, exceeding analysts' expectations of $1.05.
• Institutional investors own 98.41% of CBRE Group's stock, indicating strong interest from large financial entities.

SCS Capital Management LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,433 shares of the financial services provider's stock, valued at approximately $318,000.

Other large investors also recently made changes to their positions in the company. WPG Advisers LLC bought a new stake in CBRE Group in the 1st quarter valued at $26,000. Investment Management Corp VA ADV bought a new stake in CBRE Group in the 4th quarter valued at $28,000. Hughes Financial Services LLC bought a new stake in CBRE Group in the 1st quarter valued at $28,000. Golden State Wealth Management LLC increased its position in CBRE Group by 687.1% during the 1st 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 period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in CBRE Group by 1,400.0% during the 1st 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 period. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CBRE. 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. UBS Group increased their target price on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. 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. 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, August 26th. Finally, Evercore ISI increased their target price on CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a 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 stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Stock Performance

Shares of CBRE stock traded up $2.45 on Wednesday, hitting $165.29. 321,424 shares of the stock were exchanged, compared to its average volume of 1,777,284. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $49.18 billion, a PE ratio of 46.30 and a beta of 1.36. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56. The firm's 50 day moving average is $154.90 and its two-hundred day moving average is $137.43.

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 company 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. Sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the sale, the chief executive officer owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction dated Tuesday, July 29th. The stock was 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 in the company, valued at $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 quarter, insiders have sold 8,926 shares of company stock valued at $1,338,073. Corporate insiders own 0.42% of the company's stock.

CBRE Group Company 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.