CBRE Group, Inc. $CBRE Stock Holdings Boosted by Tectonic Advisors LLC

Tectonic Advisors LLC raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,896 shares of the financial services provider’s stock after purchasing an additional 713 shares during the quarter. Tectonic Advisors LLC’s holdings in CBRE Group were worth $1,947,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of CBRE Group by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider’s stock valued at $1,042,317,000 after acquiring an additional 368,214 shares during the last quarter. Invesco Ltd. lifted its position in shares of CBRE Group by 6.6% during the 1st 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 during the last quarter. 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 acquiring an additional 2,680,337 shares during the last quarter. Northern Trust Corp lifted its position in shares of CBRE Group by 2.1% during the 1st quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider’s stock valued at $506,158,000 after acquiring an additional 80,791 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of CBRE Group by 24.7% during the 1st 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 during the last quarter. 98.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,494 shares of company stock worth $857,593. Corporate insiders own 0.42% of the company’s stock.

CBRE Group Price Performance

CBRE opened at $151.66 on Thursday. The stock has a fifty day moving average of $159.56 and a 200-day moving average of $140.46. The firm has a market capitalization of $45.13 billion, a P/E ratio of 42.48 and a beta of 1.36. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $167.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE) last announced 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 return on equity of 18.89% and a net margin of 2.86%.The business had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CBRE shares. JPMorgan Chase & Co. increased their price objective on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Raymond James Financial increased 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. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday. Morgan Stanley increased their target price on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $166.33.

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.