Cornerstone Investment Partners LLC Takes $48.38 Million Position in CBRE Group, Inc. $CBRE

Cornerstone Investment Partners LLC bought a new position in CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 345,299 shares of the financial services provider’s stock, valued at approximately $48,383,000. CBRE Group comprises about 2.1% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 26th biggest position. Cornerstone Investment Partners LLC owned approximately 0.12% of CBRE Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CBRE. Vestmark Advisory Solutions Inc. increased its stake in shares of CBRE Group by 196.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 15,853 shares of the financial services provider’s stock valued at $2,221,000 after buying an additional 10,502 shares during the period. Achmea Investment Management B.V. purchased a new stake in CBRE Group in the second quarter worth $20,862,000. Andra AP fonden boosted its holdings in CBRE Group by 30.3% in the second quarter. Andra AP fonden now owns 220,100 shares of the financial services provider’s stock valued at $30,840,000 after acquiring an additional 51,200 shares in the last quarter. Resona Asset Management Co. Ltd. increased its position in CBRE Group by 4.9% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 159,842 shares of the financial services provider’s stock valued at $22,363,000 after purchasing an additional 7,416 shares during the period. Finally, Atlantic Union Bankshares Corp increased its position in CBRE Group by 156.3% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 20,131 shares of the financial services provider’s stock valued at $2,821,000 after purchasing an additional 12,276 shares during the period. Institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CBRE shares. Evercore ISI lifted their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Morgan Stanley increased their target price on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $171.89.

CBRE Group Price Performance

CBRE stock opened at $150.19 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50 day moving average price of $158.43 and a 200-day moving average price of $145.37. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $171.00. The firm has a market capitalization of $44.69 billion, a price-to-earnings ratio of 37.08 and a beta of 1.39.

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

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the transaction, the chief financial officer owned 103,371 shares of the company’s stock, valued at $16,291,269.60. The trade was a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction dated 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 directly owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.42% of the stock is owned by company insiders.

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.