CBRE Group, Inc. $CBRE Stock Position Raised by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in CBRE Group, Inc. by 3.4%, holding 906,438 shares valued at approximately $118.54 million as of its latest SEC filing.
• Analysts have upgraded CBRE Group, with reports showing a target price increase from $160.00 to $170.00, indicating positive sentiment towards the stock.
• CBRE Group reported $1.19 EPS for the last quarter, surpassing estimates, and has set FY 2025 guidance at $6.100-6.200 EPS.

Voya Investment Management LLC lifted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 906,438 shares of the financial services provider's stock after purchasing an additional 30,106 shares during the quarter. Voya Investment Management LLC owned 0.30% of CBRE Group worth $118,544,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nicola Wealth Management LTD. boosted its stake in CBRE Group by 5.8% during the first quarter. Nicola Wealth Management LTD. now owns 9,124 shares of the financial services provider's stock valued at $1,193,000 after buying an additional 500 shares in the last quarter. Strs Ohio bought a new position in CBRE Group during the first quarter valued at about $1,416,000. Intrua Financial LLC bought a new position in CBRE Group during the first quarter valued at about $238,000. Jacobi Capital Management LLC boosted its stake in CBRE Group by 6.5% during the first quarter. Jacobi Capital Management LLC now owns 7,069 shares of the financial services provider's stock valued at $924,000 after buying an additional 433 shares in the last quarter. Finally, Advisors Capital Management LLC bought a new position in CBRE Group during the first quarter valued at about $237,000. Institutional investors own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the sale, the chief accounting officer directly owned 26,717 shares of the company's stock, valued at $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,926 shares of company stock valued at $1,338,073 over the last three months. 0.42% of the stock is owned by corporate insiders.

CBRE Group Stock Up 0.9%

Shares of NYSE CBRE traded up $1.52 during mid-day trading on Thursday, reaching $165.85. The company had a trading volume of 501,172 shares, compared to its average volume of 1,777,394. The stock has a fifty day moving average of $155.39 and a two-hundred day moving average of $137.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $49.35 billion, a price-to-earnings ratio of 46.49 and a beta of 1.36. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $167.56.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. The business had revenue of $9.75 billion during the quarter, compared to analyst estimates 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. As a group, equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

CBRE has been the subject of several research reports. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. raised their target price on 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 raised their target price on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Evercore ISI raised their target price on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $165.22.

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.