Untitled Investments LP Acquires 133,905 Shares of CBRE Group, Inc. $CBRE

Key Points

• Untitled Investments LP significantly increased its stake in CBRE Group, Inc. by 130.9%, now holding a total of 236,230 shares, which constitutes 8.7% of its overall portfolio.
• Multiple brokerages have issued upgrades for CBRE Group, including a shift from "hold" to "buy" by Wall Street Zen, indicating an improved outlook for the stock.
• CBRE Group reported quarterly earnings of $1.19 per share, exceeding expectations, and established a guidance range of 6.100-6.200 EPS for FY 2025.

Untitled Investments LP lifted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 130.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 236,230 shares of the financial services provider's stock after acquiring an additional 133,905 shares during the quarter. CBRE Group accounts for 8.7% of Untitled Investments LP's holdings, making the stock its 6th biggest position. Untitled Investments LP owned approximately 0.08% of CBRE Group worth $30,894,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Valeo Financial Advisors LLC increased its stake in shares of CBRE Group by 4.0% in the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock worth $290,000 after acquiring an additional 85 shares during the period. Beverly Hills Private Wealth LLC increased its stake in shares of CBRE Group by 1.9% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock worth $663,000 after acquiring an additional 93 shares during the period. Verdence Capital Advisors LLC increased its stake in shares of CBRE Group by 1.3% in the first quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider's stock worth $1,064,000 after acquiring an additional 102 shares during the period. Legacy Advisors LLC boosted its holdings in CBRE Group by 6.4% during the first quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider's stock worth $234,000 after buying an additional 108 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in CBRE Group by 5.1% during the first quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider's stock worth $293,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CBRE. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley reissued an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Raymond James Financial increased their price target on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, Evercore ISI increased their price target on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, CBRE Group currently has an average rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Stock Performance

CBRE opened at $164.37 on Friday. 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 company has a market cap of $48.91 billion, a price-to-earnings ratio of 46.04 and a beta of 1.36. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $165.41. The firm's fifty day simple moving average is $151.81 and its two-hundred day simple moving average is $136.25.

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

Insider Buying and Selling at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $270,900.00. Following the completion of the sale, the chief accounting officer directly owned 20,131 shares in the company, valued at $2,818,340. This represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the sale, the chief financial officer owned 103,371 shares of the company's stock, valued at $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 have sold a total of 8,926 shares of company stock valued at $1,338,073 over the last ninety days. 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.

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