CBRE Group, Inc. $CBRE Shares Bought by Rathbones Group PLC

Rathbones Group PLC grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 11.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 332,288 shares of the financial services provider’s stock after purchasing an additional 34,434 shares during the period. Rathbones Group PLC owned approximately 0.11% of CBRE Group worth $46,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CBRE. Massachusetts Financial Services Co. MA increased its stake in CBRE Group by 217.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider’s stock valued at $511,781,000 after buying an additional 2,680,337 shares during the period. Nuveen LLC acquired a new stake in shares of CBRE Group in the 1st quarter worth approximately $214,283,000. JPMorgan Chase & Co. boosted its holdings in shares of CBRE Group by 24.7% in the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock valued at $487,127,000 after acquiring an additional 738,704 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of CBRE Group by 6.6% in the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock valued at $837,938,000 after acquiring an additional 397,818 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of CBRE Group during the second quarter valued at approximately $48,383,000. 98.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, 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 sale, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm’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 transaction of $154,900.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. 0.42% of the stock is owned by insiders.

CBRE Group Trading Up 1.8%

Shares of NYSE CBRE opened at $152.66 on Friday. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $171.00. The company has a market cap of $45.43 billion, a price-to-earnings ratio of 37.69 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $158.24 and a 200-day simple moving average of $145.82.

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

Wall Street Analyst Weigh In

CBRE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price 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. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Morgan Stanley raised their target price on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Raymond James Financial lifted their target price on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and a consensus target price of $171.89.

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.