Federated Hermes Inc. Boosts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Federated Hermes Inc. raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,536 shares of the financial services provider’s stock after purchasing an additional 526 shares during the period. Federated Hermes Inc.’s holdings in CBRE Group were worth $1,121,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CBRE. Principal Financial Group Inc. lifted its holdings in CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider’s stock valued at $924,223,000 after purchasing an additional 277,922 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of CBRE Group in the third quarter valued at approximately $285,000. Wilmington Savings Fund Society FSB purchased a new position in shares of CBRE Group during the third quarter valued at approximately $2,330,000. Tidal Investments LLC boosted its position in CBRE Group by 97.4% during the third quarter. Tidal Investments LLC now owns 10,290 shares of the financial services provider’s stock worth $1,281,000 after acquiring an additional 5,077 shares during the last quarter. Finally, Synovus Financial Corp grew its stake in CBRE Group by 2.9% in the 3rd quarter. Synovus Financial Corp now owns 11,544 shares of the financial services provider’s stock worth $1,437,000 after acquiring an additional 330 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Performance

CBRE Group stock opened at $118.67 on Tuesday. The firm has a market capitalization of $35.58 billion, a PE ratio of 37.79 and a beta of 1.26. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The stock’s 50 day moving average price is $132.02 and its 200 day moving average price is $132.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now owns 107,343 shares of the company’s stock, valued at approximately $13,491,941.67. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CBRE shares. Raymond James cut CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Evercore ISI lowered their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of CBRE Group from $163.00 to $141.00 and set an “overweight” rating for the company in a report on Thursday, April 10th. Finally, Morgan Stanley increased their price target on shares of CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.33.

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.