Tribune Investment Group LP Invests $6.54 Million in CBRE Group, Inc. $CBRE

Tribune Investment Group LP acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 50,000 shares of the financial services provider’s stock, valued at approximately $6,539,000. CBRE Group comprises approximately 2.8% of Tribune Investment Group LP’s investment portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Credit Agricole S A grew its stake in CBRE Group by 190.3% in the first quarter. Credit Agricole S A now owns 112,047 shares of the financial services provider’s stock valued at $14,654,000 after purchasing an additional 73,453 shares in the last quarter. Legacy Financial Advisors Inc. bought a new position in shares of CBRE Group in the first quarter valued at $214,000. Fuller & Thaler Asset Management Inc. increased its holdings in CBRE Group by 21.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 14,260 shares of the financial services provider’s stock worth $1,865,000 after buying an additional 2,560 shares during the last quarter. Cornerstone Select Advisors LLC increased its holdings in CBRE Group by 9.1% during the first quarter. Cornerstone Select Advisors LLC now owns 2,188 shares of the financial services provider’s stock worth $286,000 after buying an additional 183 shares during the last quarter. Finally, Korea Investment CORP raised its position in CBRE Group by 18.5% during the first quarter. Korea Investment CORP now owns 292,171 shares of the financial services provider’s stock worth $38,210,000 after acquiring an additional 45,545 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 0.5%

Shares of CBRE opened at $160.8330 on Thursday. The firm has a market cap of $47.86 billion, a P/E ratio of 45.05 and a beta of 1.34. 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 52 week low of $108.45 and a 52 week high of $161.81. The firm’s 50-day simple moving average is $145.42 and its 200 day simple moving average is $134.76.

CBRE Group (NYSE:CBRE) last issued 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. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The firm had revenue of $9.75 billion during 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, analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction 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 transaction, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the sale, the chief accounting officer directly owned 26,717 shares of the company’s stock, valued at $4,151,020.29. This represents a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,926 shares of company stock valued at $1,338,073. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CBRE. UBS Group lifted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Morgan Stanley reiterated an “overweight” rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a research note on Thursday, July 24th. Finally, Raymond James Financial raised their price objective on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $158.00.

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.