D.A. Davidson & CO. Raises Position in CBRE Group, Inc. $CBRE

D.A. Davidson & CO. grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,008 shares of the financial services provider’s stock after purchasing an additional 1,742 shares during the period. D.A. Davidson & CO.’s holdings in CBRE Group were worth $3,224,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings 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 purchasing an additional 368,214 shares during the last quarter. Invesco Ltd. lifted its holdings 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 purchasing an additional 397,818 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings 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 purchasing an additional 2,680,337 shares during the last quarter. Northern Trust Corp raised its stake in CBRE Group by 2.1% in the 1st quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider’s stock worth $506,158,000 after acquiring an additional 80,791 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in CBRE Group by 24.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock worth $487,127,000 after acquiring an additional 738,704 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the 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 transaction, the chief executive officer owned 111,473 shares in the company, 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 hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 26,717 shares in the company, 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 three months, insiders have sold 5,494 shares of company stock valued at $857,593. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group raised their target price on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday. Evercore ISI raised their target price on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Raymond James Financial raised their target price on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Friday. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

CBRE Group Price Performance

Shares of CBRE opened at $163.28 on Friday. The business’s 50-day moving average is $159.91 and its two-hundred day moving average is $143.17. The company has a market capitalization of $48.58 billion, a P/E ratio of 40.32 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00.

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

CBRE Group Company 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.