XTX Topco Ltd Invests $276,000 in CBRE Group, Inc. (NYSE:CBRE)

Key Points

• XTX Topco Ltd has acquired a new stake in CBRE Group, Inc., purchasing 2,108 shares valued at approximately $276,000 during the first quarter.
• Several hedge funds have also increased their holdings in CBRE, with Federated Hermes Inc. significantly boosting its stake by 768.9% to own 74,170 shares worth $9.7 million.
• CBRE Group's stock recently reported a 1.3% decline, with a quarterly earnings per share of $1.19, exceeding analysts' expectations of $1.05.

XTX Topco Ltd bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,108 shares of the financial services provider's stock, valued at approximately $276,000.

Several other hedge funds also recently modified their holdings of CBRE. Banque Cantonale Vaudoise bought a new stake in shares of CBRE Group during the 1st quarter worth about $4,440,000. Federated Hermes Inc. boosted its stake in CBRE Group by 768.9% during the first quarter. Federated Hermes Inc. now owns 74,170 shares of the financial services provider's stock worth $9,700,000 after buying an additional 65,634 shares in the last quarter. Canopy Partners LLC acquired a new stake in CBRE Group during the first quarter valued at approximately $221,000. TCTC Holdings LLC lifted its position in shares of CBRE Group by 105.9% during the 1st quarter. TCTC Holdings LLC now owns 118,929 shares of the financial services provider's stock worth $15,554,000 after buying an additional 61,159 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in CBRE Group by 977.8% in the 1st quarter. Meeder Asset Management Inc. now owns 1,800 shares of the financial services provider's stock valued at $235,000 after buying an additional 1,633 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Down 1.3%

CBRE stock opened at $153.43 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $45.65 billion, a price-to-earnings ratio of 42.98 and a beta of 1.34. CBRE Group, Inc. has a fifty-two week low of $107.54 and a fifty-two week high of $161.03. The business's fifty day moving average price is $141.27 and its two-hundred day moving average price is $133.89.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data 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 firm 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%. On average, equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 1,972 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the sale, the chief financial officer directly owned 105,371 shares in the company, valued at $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares of the company's stock, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,898 shares of company stock worth $1,122,558. Insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

CBRE has been the topic of several research reports. Evercore ISI upped their price objective on CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods raised their target price 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 target price 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, Morgan Stanley restated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $158.00.

About CBRE Group

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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