Tectonic Advisors LLC Buys 713 Shares of CBRE Group, Inc. $CBRE

Tectonic Advisors LLC raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,896 shares of the financial services provider’s stock after buying an additional 713 shares during the period. Tectonic Advisors LLC’s holdings in CBRE Group were worth $1,947,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sowell Financial Services LLC bought a new position in CBRE Group during the first quarter valued at about $256,000. Cambridge Investment Research Advisors Inc. grew its position in shares of CBRE Group by 21.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider’s stock valued at $968,000 after purchasing an additional 1,310 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of CBRE Group in the first quarter valued at about $1,101,000. Golden State Wealth Management LLC grew its position in shares of CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 213 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of CBRE Group by 4.8% in the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider’s stock valued at $1,042,317,000 after purchasing an additional 368,214 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday. Morgan Stanley raised their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday. UBS Group raised their price target on CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Raymond James Financial raised their price target on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $166.33.

CBRE Group Stock Down 0.7%

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

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 the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the transaction, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,151,020.29. This represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders 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.

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.