Whalen Wealth Management Inc. Purchases New Shares in CBRE Group, Inc. $CBRE

Whalen Wealth Management Inc. purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,414 shares of the financial services provider’s stock, valued at approximately $1,039,000.

Several other institutional investors and hedge funds have also modified their holdings of CBRE. Brighton Jones LLC grew its stake in shares of CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after acquiring an additional 11,065 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of CBRE Group by 21.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider’s stock valued at $968,000 after acquiring an additional 1,310 shares in the last quarter. Golden State Wealth Management LLC lifted its position in CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 213 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in CBRE Group by 12.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,996 shares of the financial services provider’s stock worth $4,660,000 after purchasing an additional 4,122 shares during the period. Finally, Amalgamated Bank lifted its position in CBRE Group by 0.7% during the first quarter. Amalgamated Bank now owns 59,040 shares of the financial services provider’s stock worth $7,721,000 after purchasing an additional 412 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Stock Down 1.0%

CBRE stock opened at $159.50 on Wednesday. The stock has a market capitalization of $47.47 billion, a P/E ratio of 39.38 and a beta of 1.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $171.00. The firm has a 50-day moving average price of $159.97 and a 200-day moving average price of $143.90.

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

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. 0.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Morgan Stanley upped their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Finally, Evercore ISI upped their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. 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 data from MarketBeat.com, the company presently has a consensus 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.