Stableford Capital II LLC Acquires Shares of 3,988 CBRE Group, Inc. $CBRE

Key Points

• Stableford Capital II LLC acquired 3,988 shares of CBRE Group, Inc., valued at approximately $589,000, during the second quarter.
• Institutional investors and hedge funds collectively own 98.41% of CBRE Group's stock, indicating significant institutional interest in the company.
• Analysts have raised their price targets for CBRE Group, with **JPMorgan Chase** and **Morgan Stanley** setting targets of $185.00 and $180.00, respectively, reflecting an overall positive outlook.

Stableford Capital II LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,988 shares of the financial services provider's stock, valued at approximately $589,000.

Several other large investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC increased its stake in CBRE Group by 11.8% in the 2nd quarter. WCM Investment Management LLC now owns 3,788 shares of the financial services provider's stock valued at $528,000 after buying an additional 401 shares during the period. Allianz Asset Management GmbH increased its stake in shares of CBRE Group by 4.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 712,453 shares of the financial services provider's stock worth $99,829,000 after purchasing an additional 28,646 shares during the last quarter. Bridges Investment Management Inc. increased its stake in shares of CBRE Group by 28.9% during the 2nd quarter. Bridges Investment Management Inc. now owns 7,634 shares of the financial services provider's stock worth $1,070,000 after purchasing an additional 1,711 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of CBRE Group by 1.0% during the 2nd quarter. New York State Teachers Retirement System now owns 307,256 shares of the financial services provider's stock worth $43,053,000 after purchasing an additional 2,972 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of CBRE Group by 23.2% during the 2nd quarter. Ritholtz Wealth Management now owns 16,044 shares of the financial services provider's stock worth $2,248,000 after purchasing an additional 3,020 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Analysts Set New Price Targets

CBRE has been the topic of several analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of CBRE Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Morgan Stanley raised their target price on shares of CBRE Group from $170.00 to $180.00 and gave the company an "overweight" rating in a research note on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $167.00 to $168.00 and gave the company a "market perform" rating in a research note on Thursday, October 9th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of "Moderate Buy" and a consensus price target of $170.78.

Insider Buying and Selling at CBRE Group

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the transaction, the chief executive officer directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 directly owned 103,371 shares of the company's stock, valued at $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,494 shares of company stock valued at $857,593 in the last ninety days. Company insiders own 0.42% of the company's stock.

CBRE Group Price Performance

Shares of CBRE Group stock opened at $156.89 on Thursday. 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 fifty-two week low of $108.45 and a fifty-two week high of $167.56. The firm has a fifty day moving average price of $159.35 and a two-hundred day moving average price of $141.19. The company has a market cap of $46.68 billion, a PE ratio of 43.95 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The firm had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts expect that CBRE Group, Inc. will post 5.99 EPS 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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