50,000 Shares in CBRE Group, Inc. $CBRE Bought by Tribune Investment Group LP

Key Points

• Tribune Investment Group LP has acquired a new position in CBRE Group, purchasing 50,000 shares valued at approximately $6.54 million, making it the firm's 14th largest investment.
• Several hedge funds have increased their stakes in CBRE Group significantly, with increases of up to 20,889.0% in some cases, reflecting strong institutional interest in the stock.
• CBRE Group reported a better than expected quarterly earnings with an EPS of $1.19, surpassing analyst estimates of $1.05, and set a FY 2025 guidance of 6.100-6.200 EPS.

Tribune Investment Group LP purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the financial services provider's stock, valued at approximately $6,539,000. CBRE Group makes up 2.8% of Tribune Investment Group LP's holdings, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBRE. Brighton Jones LLC lifted its holdings in CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after purchasing an additional 11,065 shares in the last quarter. Freedom Investment Management Inc. boosted its stake in CBRE Group by 16.1% in the 4th quarter. Freedom Investment Management Inc. now owns 1,943 shares of the financial services provider's stock worth $255,000 after buying an additional 270 shares during the last quarter. MML Investors Services LLC boosted its stake in CBRE Group by 54.2% in the 4th quarter. MML Investors Services LLC now owns 101,668 shares of the financial services provider's stock worth $13,348,000 after buying an additional 35,746 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in CBRE Group by 901.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,553 shares of the financial services provider's stock worth $335,000 after buying an additional 2,298 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in CBRE Group by 202.4% in the 4th quarter. OneDigital Investment Advisors LLC now owns 10,648 shares of the financial services provider's stock worth $1,398,000 after buying an additional 7,127 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Up 0.4%

CBRE Group stock traded up $0.6280 during midday trading on Monday, hitting $165.0380. 1,214,809 shares of the company were exchanged, compared to its average volume of 1,803,199. The company's fifty day moving average price is $146.53 and its 200-day moving average price is $134.86. The company has a market cap of $49.11 billion, a PE ratio of 46.23 and a beta of 1.34. 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 $165.41.

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

Analyst Ratings Changes

CBRE has been the topic of a number of research analyst reports. UBS Group raised their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Evercore ISI lifted their price objective on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday. Raymond James Financial increased their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Morgan Stanley reissued an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $160.33.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the company's 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 transaction, the chief executive officer directly owned 111,473 shares of the company's stock, valued at $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 available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 8,926 shares of company stock valued at $1,338,073 in the last three months. Corporate insiders own 0.42% of the company's stock.

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.