Quotient Wealth Partners LLC Acquires Shares of 1,439 CBRE Group, Inc. $CBRE

Quotient Wealth Partners LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,439 shares of the financial services provider’s stock, valued at approximately $202,000.

Other hedge funds also recently bought and sold shares of the company. WPG Advisers LLC bought a new position in CBRE Group in the 1st quarter valued at $26,000. Hughes Financial Services LLC bought a new position in CBRE Group in the 1st quarter valued at $28,000. Golden State Wealth Management LLC grew its position in shares of CBRE Group by 687.1% during 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 in the last quarter. Quarry LP grew its position in shares of CBRE Group by 97.4% during 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 in the last quarter. Finally, Accredited Wealth Management LLC grew its position in shares of CBRE Group by 338.7% during 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 in the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,494 shares of company stock worth $857,593. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CBRE shares. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Morgan Stanley increased their price target on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Raymond James Financial increased their price target on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $170.78.

CBRE Group Price Performance

Shares of CBRE stock opened at $157.08 on Monday. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56. The stock’s 50-day moving average is $159.40 and its 200 day moving average is $141.72. The company has a market cap of $46.74 billion, a P/E ratio of 44.00 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating 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 company 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. Research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.