Fuller & Thaler Asset Management Inc. Increases Position in CBRE Group, Inc. $CBRE

Fuller & Thaler Asset Management Inc. increased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 21.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,260 shares of the financial services provider’s stock after purchasing an additional 2,560 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in CBRE Group were worth $1,865,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CBRE. Massachusetts Financial Services Co. MA lifted its position in shares of 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 in the last quarter. Nuveen LLC purchased a new stake in CBRE Group in the 1st quarter worth $214,283,000. GAMMA Investing LLC increased its holdings in CBRE Group by 20,889.0% in the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider’s stock worth $168,896,000 after acquiring an additional 1,285,300 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in CBRE Group by 85.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider’s stock worth $281,984,000 after acquiring an additional 991,354 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in CBRE Group by 212.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider’s stock valued at $142,633,000 after purchasing an additional 741,477 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Lindsey S. Caplan sold 1,935 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $270,900.00. Following the sale, the chief accounting officer owned 20,131 shares of the company’s stock, valued at approximately $2,818,340. The trade was a 8.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,926 shares of company stock valued at $1,338,073. 0.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Evercore ISI increased their target price on CBRE Group from $147.00 to $164.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Raymond James Financial raised their target price 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, UBS Group boosted their price target on CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Seven 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $158.00.

CBRE Group Trading Up 0.5%

Shares of CBRE Group stock opened at $160.8330 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $145.42 and its 200-day simple moving average is $134.76. The stock has a market cap of $47.86 billion, a P/E ratio of 45.05 and a beta of 1.34. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $161.81.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.14. The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate 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. Analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.