Forvis Mazars Wealth Advisors LLC Raises Stock Holdings in CBRE Group, Inc. $CBRE

Forvis Mazars Wealth Advisors LLC raised its position in CBRE Group, Inc. (NYSE:CBRE) by 15.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,386 shares of the financial services provider’s stock after buying an additional 2,249 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in CBRE Group were worth $2,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in CBRE Group in the first quarter valued at approximately $26,000. Hughes Financial Services LLC purchased a new stake in CBRE Group in the first quarter valued at approximately $28,000. Golden State Wealth Management LLC lifted its stake in 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 buying an additional 213 shares during the last quarter. Quarry LP lifted its stake in CBRE Group by 97.4% in the first 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 last quarter. Finally, Accredited Wealth Management LLC lifted its stake in CBRE Group by 338.7% in the first 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 last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 1.1%

NYSE:CBRE opened at $157.08 on Monday. The stock has a fifty day moving average price of $159.40 and a two-hundred day moving average price of $141.72. The stock has a market capitalization of $46.74 billion, a price-to-earnings ratio of 44.00 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 1 year low of $108.45 and a 1 year high of $167.56.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. The firm had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Morgan Stanley boosted 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, October 7th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Raymond James Financial upped their price target on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and a consensus price target of $170.78.

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 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 sale, the chief executive officer owned 111,473 shares of the company’s stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company’s 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 directly owned 103,371 shares in the company, valued at $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,494 shares of company stock valued at $857,593. Insiders own 0.42% of the company’s stock.

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.