Strs Ohio Makes New Investment in CBRE Group, Inc. $CBRE

Key Points

• Strs Ohio has made a new investment in CBRE Group, Inc., purchasing approximately $1.42 million worth of shares during the first quarter.
• A number of institutional investors, including Principal Financial Group and Invesco Ltd., have also increased their stakes in CBRE Group, indicating strong investor interest.
• CBRE Group reported $1.19 earnings per share for its last quarter, exceeding analyst estimates, and has set a fiscal year 2025 EPS guidance of 6.100-6.200.

Strs Ohio purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,824 shares of the financial services provider's stock, valued at approximately $1,416,000.

Several other institutional investors also recently modified their holdings of CBRE. WPG Advisers LLC bought a new position in shares of CBRE Group in the first quarter valued at $26,000. Investment Management Corp VA ADV acquired a new stake in CBRE Group during the 4th quarter worth about $28,000. Hughes Financial Services LLC acquired a new stake in CBRE Group during the 1st quarter worth about $28,000. Golden State Wealth Management LLC raised its holdings 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. raised its holdings 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 own 98.41% of the company's stock.

CBRE Group Stock Up 0.9%

CBRE Group stock traded up $1.44 during mid-day trading on Thursday, hitting $165.77. 1,095,863 shares of the company's stock were exchanged, compared to its average volume of 1,481,086. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56. The stock has a 50 day moving average of $155.88 and a two-hundred day moving average of $137.79. 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 stock has a market cap of $49.32 billion, a P/E ratio of 46.43 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.75 billion during the quarter, compared to analysts' expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Raymond James Financial boosted their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Morgan Stanley reiterated an "overweight" rating and issued a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. UBS Group upped their target price on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Evercore ISI upped their target price on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Finally, Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $165.22.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction that occurred 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 directly owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This 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 this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the sale, the chief financial officer directly owned 103,371 shares of the company's stock, valued at $16,291,269.60. This represents a 1.90% 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 valued at $1,338,073. 0.42% of the stock is owned by company insiders.

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.