D.A. Davidson & CO. Increases Stock Holdings in CBRE Group, Inc. $CBRE

D.A. Davidson & CO. increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 23,008 shares of the financial services provider’s stock after acquiring an additional 1,742 shares during the period. D.A. Davidson & CO.’s holdings in CBRE Group were worth $3,224,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research firms recently issued reports on CBRE. JPMorgan Chase & Co. lifted their price objective on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Morgan Stanley lifted their price objective on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. UBS Group raised their target price on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Raymond James Financial raised their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.89.

CBRE Group Trading Down 0.6%

CBRE opened at $163.28 on Friday. The firm has a market capitalization of $48.58 billion, a price-to-earnings ratio of 40.32 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. The company’s 50 day simple moving average is $159.91 and its two-hundred day simple moving average is $143.17. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. The firm had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group 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 sale, the chief executive officer owned 111,473 shares of the company’s stock, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the sale, the chief accounting officer directly owned 26,717 shares in the company, 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 90 days, insiders have sold 5,494 shares of company stock valued at $857,593. 0.42% of the stock is currently owned by company insiders.

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.