Aberdeen Group plc Purchases 38,181 Shares of CBRE Group, Inc. $CBRE

Aberdeen Group plc grew its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 15.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 292,794 shares of the financial services provider’s stock after acquiring an additional 38,181 shares during the quarter. Aberdeen Group plc owned about 0.10% of CBRE Group worth $41,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of CBRE Group during the 1st quarter valued at approximately $26,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group during the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC boosted its position in shares of CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 213 shares during the last quarter. Quarry LP boosted its position in shares of CBRE Group by 97.4% during the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 147 shares during the last quarter. Finally, Accredited Wealth Management LLC boosted its position in shares of CBRE Group by 338.7% during the 1st quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 254 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CBRE. Evercore ISI increased their price target on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Morgan Stanley increased their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. UBS Group increased their price target on CBRE Group from $146.00 to $165.00 and gave the company a “neutral” rating in a report on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Finally, Raymond James Financial increased their price target on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.78.

CBRE Group Stock Performance

CBRE stock opened at $150.44 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $159.43 and its two-hundred day simple moving average is $140.82. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $167.56. The firm has a market cap of $44.76 billion, a price-to-earnings ratio of 42.14 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the firm’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the transaction, the chief accounting officer owned 26,717 shares in the company, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,494 shares of company stock worth $857,593 over the last quarter. Company insiders own 0.42% of the company’s stock.

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.