Shell Asset Management Co. Increases Stake in CBRE Group, Inc. $CBRE

Key Points

• Shell Asset Management Co. increased its stake in CBRE Group, Inc. by 24.4%, bringing its total holdings to 40,646 shares, worth approximately $5.7 million.
• Several other hedge funds also modified their positions in CBRE Group, with 98.41% of the stock currently owned by institutional investors and hedge funds.
• JPMorgan Chase & Co. raised its price target on CBRE Group shares from $143.00 to $185.00, while the stock has received an average rating of "Moderate Buy" from analysts.

Shell Asset Management Co. raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 24.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,646 shares of the financial services provider's stock after buying an additional 7,976 shares during the quarter. Shell Asset Management Co.'s holdings in CBRE Group were worth $5,695,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. WPG Advisers LLC purchased a new stake in CBRE Group during the 1st quarter valued at about $26,000. Hughes Financial Services LLC acquired a new stake in shares of CBRE Group in the first quarter valued at approximately $28,000. 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 buying an additional 213 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in CBRE Group by 1,400.0% during the first 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 last quarter. Finally, Quarry LP boosted its stake in CBRE Group by 97.4% during the first quarter. Quarry LP now owns 298 shares of the financial services provider's stock worth $39,000 after buying an additional 147 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the sale, the chief executive officer owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company'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 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 disclosure for this sale can be found here. Insiders sold 5,494 shares of company stock valued at $857,593 over the last ninety days. Corporate insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Weiss Ratings restated a "buy (b-)" rating on shares of CBRE Group in a report on Saturday, September 27th. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Raymond James Financial increased 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, Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group Stock Performance

NYSE CBRE opened at $153.47 on Tuesday. The business's 50-day moving average price is $159.79 and its 200 day moving average price is $140.30. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a market cap of $45.66 billion, a P/E ratio of 42.99 and a beta of 1.36. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $167.56.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating 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 business 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, equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current 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.

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