GC Wealth Management RIA LLC Takes Position in CBRE Group, Inc. $CBRE

GC Wealth Management RIA LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) in the second quarter, Holdings Channel.com reports. The fund acquired 1,716 shares of the financial services provider’s stock, valued at approximately $240,000.

A number of other institutional investors have also modified their holdings of CBRE. Massachusetts Financial Services Co. MA grew its stake in shares of CBRE Group by 217.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider’s stock valued at $511,781,000 after buying an additional 2,680,337 shares in the last quarter. Nuveen LLC acquired a new stake in shares of CBRE Group in the first quarter valued at $214,283,000. Assenagon Asset Management S.A. grew its stake in shares of CBRE Group by 212.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider’s stock valued at $142,633,000 after buying an additional 741,477 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of CBRE Group by 24.7% in the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock valued at $487,127,000 after buying an additional 738,704 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of CBRE Group by 6.6% in the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock valued at $837,938,000 after buying an additional 397,818 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction dated 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 directly owned 26,717 shares of the company’s stock, valued at $4,151,020.29. The trade was a 5.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the sale, the chief executive officer directly owned 111,473 shares of the company’s stock, valued at $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,494 shares of company stock valued at $857,593 in the last ninety days. Insiders own 0.42% of the company’s stock.

CBRE Group Stock Down 0.6%

Shares of NYSE CBRE opened at $155.59 on Friday. The company has a market capitalization of $46.30 billion, a price-to-earnings ratio of 43.58 and a beta of 1.36. 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 business has a 50-day moving average of $159.49 and a two-hundred day moving average of $139.78. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $167.56.

CBRE Group (NYSE:CBRE) 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 analysts’ consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price objective on CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their target price on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Morgan Stanley reiterated an “overweight” rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods lifted their target price on CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Seven investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $165.22.

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.