Virtus Advisers LLC Acquires Shares of 2,040 CBRE Group, Inc. $CBRE

Key Points

• Virtus Advisers LLC made a new investment in CBRE Group, acquiring 2,040 shares valued at approximately $267,000.
• Analysts have set a consensus target price of $158.00 for CBRE Group, with seven analysts rating the stock as a "Buy."
• Insiders, including CEO Vikramaditya Kohli and CFO Emma E. Giamartino, sold shares recently, with combined transactions valued over $470,000.

Virtus Advisers LLC purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,040 shares of the financial services provider's stock, valued at approximately $267,000.

Several other institutional investors have also recently added to or reduced their stakes in CBRE. Brighton Jones LLC lifted its stake in CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after buying an additional 11,065 shares during the period. IHT Wealth Management LLC acquired a new position in CBRE Group in the fourth quarter valued at approximately $201,000. Integrated Wealth Concepts LLC lifted its stake in CBRE Group by 99.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 3,343 shares of the financial services provider's stock valued at $439,000 after buying an additional 1,669 shares during the period. Earnest Partners LLC lifted its stake in CBRE Group by 1.4% in the fourth quarter. Earnest Partners LLC now owns 3,696,955 shares of the financial services provider's stock valued at $485,373,000 after buying an additional 49,862 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its stake in CBRE Group by 7.7% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 246,552 shares of the financial services provider's stock valued at $32,370,000 after buying an additional 17,726 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CBRE. Evercore ISI boosted their price target on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. JPMorgan Chase & Co. boosted their price objective on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday. Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Morgan Stanley restated an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Finally, UBS Group boosted their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.22.

CBRE Group Stock Down 0.0%

CBRE Group stock traded down $0.01 during trading on Friday, hitting $161.98. 1,399,012 shares of the company were exchanged, compared to its average volume of 1,540,108. The business's 50 day moving average is $149.51 and its 200 day moving average is $135.64. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $165.41. The company has a market capitalization of $48.20 billion, a P/E ratio of 45.37 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The business had revenue of $9.75 billion during 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. Analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the company's stock in a transaction 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 completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,926 shares of company stock worth $1,338,073. 0.42% of the stock is owned by corporate 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.