V Square Quantitative Management LLC Purchases 6,785 Shares of CBRE Group, Inc. $CBRE

Key Points

• V Square Quantitative Management LLC increased its holdings in CBRE Group, Inc. by 85%, buying an additional 6,785 shares during the 2nd quarter, bringing their total shares to 14,763 valued at approximately $2.07 million.
• Analyst ratings for CBRE Group have improved significantly, with multiple firms raising their target prices, indicating a strong consensus rating of "Moderate Buy" and an average target of $165.22.
• Insider trading activity included CEO Vikramaditya Kohli selling 1,000 shares for nearly $155,000, resulting in a 0.89% decrease in his ownership, while insiders sold a total of 5,494 shares over the last ninety days.

V Square Quantitative Management LLC raised its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 85.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,763 shares of the financial services provider's stock after buying an additional 6,785 shares during the quarter. V Square Quantitative Management LLC's holdings in CBRE Group were worth $2,069,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC bought a new position in CBRE Group in the 1st quarter valued at about $26,000. Hughes Financial Services LLC bought a new position in CBRE Group in the 1st quarter valued at about $28,000. Golden State Wealth Management LLC increased its holdings in CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after buying an additional 213 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after buying an additional 266 shares during the period. Finally, Quarry LP increased its holdings in CBRE Group by 97.4% in the 1st quarter. Quarry LP now owns 298 shares of the financial services provider's stock valued at $39,000 after buying an additional 147 shares during the period. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several recent analyst reports. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Morgan Stanley reiterated an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. JPMorgan Chase & Co. increased their price objective 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. Raymond James Financial boosted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, UBS Group increased their price target on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Seven 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $165.22.

Insider Buying and Selling

In related news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the sale, the chief executive officer directly owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the sale, the chief accounting officer owned 26,717 shares in the company, valued at approximately $4,151,020.29. This represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,494 shares of company stock worth $857,593 in the last ninety days. Company insiders own 0.42% of the company's stock.

CBRE Group Stock Up 1.1%

NYSE:CBRE opened at $157.99 on Monday. The firm's 50 day simple moving average is $158.40 and its 200 day simple moving average is $139.12. 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 one year low of $108.45 and a one year high of $167.56. The company has a market cap of $47.01 billion, a PE ratio of 44.25 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its 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. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The business 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. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

CBRE Group Company 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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