7,414 Shares in CBRE Group, Inc. $CBRE Acquired by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 7,414 shares of the financial services provider’s stock, valued at approximately $1,039,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moody National Bank Trust Division increased its position in CBRE Group by 4.2% during the 2nd quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 76 shares during the period. Valeo Financial Advisors LLC increased its position in CBRE Group by 4.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 85 shares during the period. NorthRock Partners LLC increased its position in CBRE Group by 1.8% during the 2nd quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 90 shares during the period. Beverly Hills Private Wealth LLC increased its position in CBRE Group by 1.9% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider’s stock valued at $663,000 after purchasing an additional 93 shares during the period. Finally, Verdence Capital Advisors LLC increased its position in CBRE Group by 1.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider’s stock valued at $1,064,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

NYSE CBRE opened at $159.50 on Wednesday. The company has a fifty day simple moving average of $159.97 and a 200 day simple moving average of $143.90. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $171.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The company has a market cap of $47.47 billion, a P/E ratio of 39.38 and a beta of 1.36.

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

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the sale, the chief financial officer owned 103,371 shares of the company’s stock, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.