Armstrong Fleming & Moore Inc Invests $207,000 in CBRE Group, Inc. $CBRE

Armstrong Fleming & Moore Inc acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the second quarter, HoldingsChannel reports. The firm acquired 1,477 shares of the financial services provider’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in CBRE Group during the 1st quarter worth about $26,000. Hughes Financial Services LLC purchased a new stake in CBRE Group during the 1st quarter worth about $28,000. Golden State Wealth Management LLC grew 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 valued at $32,000 after buying an additional 213 shares during the period. Quarry LP grew 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 valued at $39,000 after buying an additional 147 shares during the period. Finally, Accredited Wealth Management LLC grew 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 valued at $43,000 after buying an additional 254 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CBRE. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. Evercore ISI lifted their price objective on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Morgan Stanley lifted their price objective on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $166.33.

CBRE Group Stock Performance

CBRE Group stock opened at $151.66 on Thursday. The stock’s 50 day moving average price is $159.56 and its 200 day moving average price is $140.46. The firm has a market capitalization of $45.13 billion, a PE ratio of 42.48 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The firm 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. As a group, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the transaction, the chief executive officer directly owned 111,473 shares of the company’s stock, valued at $17,267,167.70. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,494 shares of company stock valued at $857,593 in the last three months. Corporate insiders own 0.42% of the company’s stock.

CBRE Group Company 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.