Armstrong Fleming & Moore Inc Invests $207,000 in CBRE Group, Inc. $CBRE

Armstrong Fleming & Moore Inc bought a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,477 shares of the financial services provider’s stock, valued at approximately $207,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tectonic Advisors LLC raised its holdings in CBRE Group by 5.4% in the second quarter. Tectonic Advisors LLC now owns 13,896 shares of the financial services provider’s stock valued at $1,947,000 after acquiring an additional 713 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in CBRE Group by 7.5% in the second quarter. Venturi Wealth Management LLC now owns 3,166 shares of the financial services provider’s stock valued at $444,000 after acquiring an additional 220 shares in the last quarter. Shell Asset Management Co. raised its holdings in CBRE Group by 24.4% in the second quarter. Shell Asset Management Co. now owns 40,646 shares of the financial services provider’s stock valued at $5,695,000 after acquiring an additional 7,976 shares in the last quarter. TriaGen Wealth Management LLC acquired a new stake in CBRE Group in the second quarter valued at approximately $4,457,000. Finally, KLP Kapitalforvaltning AS raised its holdings in CBRE Group by 2.2% in the second quarter. KLP Kapitalforvaltning AS now owns 106,751 shares of the financial services provider’s stock valued at $14,958,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares of the company’s stock, valued at $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 directly 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. Insiders sold a total of 5,494 shares of company stock valued at $857,593 over the last three months. 0.42% of the stock is currently owned by company insiders.

CBRE Group Stock Performance

Shares of CBRE opened at $151.66 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a market cap of $45.13 billion, a PE ratio of 42.48 and a beta of 1.36. The company’s 50 day simple moving average is $159.56 and its 200-day simple moving average is $140.46. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $167.56.

CBRE Group (NYSE:CBRE) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group increased their price target on shares of CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Raymond James Financial increased their price target on shares of CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Finally, Morgan Stanley increased their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $166.33.

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.