7,079 Shares in CBRE Group, Inc. $CBRE Acquired by United Services Automobile Association

Key Points

• United Services Automobile Association has acquired a new position in CBRE Group, purchasing 7,079 shares valued at approximately $916,000 in the first quarter.
• Several institutional investors, including Brighton Jones LLC and Captrust Financial Advisors, have significantly increased their holdings in CBRE Group, reflecting overall strong institutional interest.
• Analysts have raised price targets for CBRE Group, with ranges from $147.00 to $185.00, and most analysts are rating the stock as a "Moderate Buy."

United Services Automobile Association bought a new position in shares of 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. The firm bought 7,079 shares of the financial services provider's stock, valued at approximately $916,000.

Other hedge funds also recently modified their holdings of the company. WPG Advisers LLC acquired a new stake in shares of CBRE Group during the 1st quarter worth about $26,000. Investment Management Corp VA ADV acquired a new stake in shares of CBRE Group during the 4th quarter worth about $28,000. Hughes Financial Services LLC acquired a new stake in shares of CBRE Group during the 1st quarter worth about $28,000. Golden State Wealth Management LLC lifted its stake in shares of 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 last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of 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 last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm's 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 sale, 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 position. The transaction 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 firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer owned 26,717 shares in the company, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,926 shares of company stock worth $1,338,073. Corporate insiders own 0.42% of the company's stock.

CBRE Group Price Performance

CBRE stock traded up $3.36 during mid-day trading on Thursday, hitting $165.98. The stock had a trading volume of 1,621,283 shares, compared to its average volume of 1,442,886. The firm has a fifty day simple moving average of $153.56 and a 200 day simple moving average of $136.96. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56. 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 $49.39 billion, a P/E ratio of 46.49 and a beta of 1.36.

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, 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 company had revenue of $9.75 billion for 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. As a group, research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on CBRE shares. Evercore ISI raised their price target on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. UBS Group raised their price target on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price target on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and a consensus target price of $165.22.

About CBRE Group

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.