Wilmington Savings Fund Society FSB Buys 2,954 Shares of CBRE Group, Inc. $CBRE

Key Points

• Wilmington Savings Fund Society FSB increased its holdings in CBRE Group, Inc. by 31.8% in Q2, acquiring an additional 2,954 shares worth approximately $1.7 million.
• CBRE Group's recent earnings report revealed an EPS of $1.19, exceeding analysts' expectations, and revenue of $9.75 billion, indicating strong financial performance.
• Analysts have a consensus rating of "Moderate Buy" for CBRE Group, with price targets raised by several firms, including Evercore ISI and JPMorgan, suggesting strong future potential for the stock.

Wilmington Savings Fund Society FSB lifted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 31.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,229 shares of the financial services provider's stock after acquiring an additional 2,954 shares during the period. Wilmington Savings Fund Society FSB's holdings in CBRE Group were worth $1,714,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. NorthRock Partners LLC lifted its holdings in shares of CBRE Group by 1.8% in the 2nd quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider's stock valued at $695,000 after acquiring an additional 90 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of CBRE Group by 395.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 40,329 shares of the financial services provider's stock valued at $5,651,000 after acquiring an additional 32,196 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of CBRE Group by 25.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,256 shares of the financial services provider's stock valued at $1,717,000 after acquiring an additional 2,487 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of CBRE Group by 9.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,628,945 shares of the financial services provider's stock valued at $513,931,000 after acquiring an additional 319,115 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of CBRE Group by 17.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 49,507 shares of the financial services provider's stock valued at $6,937,000 after acquiring an additional 7,222 shares during the last quarter. Institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of NYSE:CBRE opened at $156.89 on Thursday. The firm has a market cap of $46.68 billion, a PE ratio of 43.95 and a beta of 1.36. The firm's 50 day simple moving average is $159.35 and its 200-day simple moving average is $141.19. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. The business had revenue of $9.75 billion for 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 analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the firm's 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 transaction, the chief executive officer directly owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,494 shares of company stock valued at $857,593. 0.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of analyst reports. Evercore ISI increased their price target 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. JPMorgan Chase & Co. increased their price objective 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. Morgan Stanley increased their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 7th. Raymond James Financial increased their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. 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. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average target price of $170.78.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.