CBRE Group, Inc. $CBRE Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,510 shares of the financial services provider’s stock after acquiring an additional 341 shares during the quarter. Rehmann Capital Advisory Group’s holdings in CBRE Group were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. raised 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 in the last quarter. Invesco Ltd. increased its position in CBRE Group by 6.6% in the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock worth $837,938,000 after buying an additional 397,818 shares during the period. Massachusetts Financial Services Co. MA increased its position in CBRE Group by 217.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider’s stock worth $511,781,000 after buying an additional 2,680,337 shares during the period. Northern Trust Corp increased its position in CBRE Group by 2.1% in the first quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider’s stock worth $506,158,000 after buying an additional 80,791 shares during the period. Finally, JPMorgan Chase & Co. increased its position in CBRE Group by 24.7% in the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock worth $487,127,000 after buying an additional 738,704 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Morgan Stanley increased their target price on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Evercore ISI increased their price target on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, UBS Group increased their price target on CBRE Group from $146.00 to $165.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. 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, the company has an average rating of “Moderate Buy” and an average target price of $170.78.

CBRE Group Trading Up 2.0%

Shares of CBRE stock opened at $164.16 on Thursday. The stock has a 50-day simple moving average of $159.72 and a 200 day simple moving average of $142.30. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $167.56. The stock has a market capitalization of $48.84 billion, a P/E ratio of 45.98 and a beta of 1.36. 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 earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating 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 analysts’ expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

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 value of $232,122.78. Following the completion of the transaction, the chief accounting officer owned 26,717 shares in the company, valued at $4,151,020.29. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the transaction, the chief financial officer owned 103,371 shares of the company’s stock, valued at $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,494 shares of company stock worth $857,593 in the last quarter. 0.42% of the stock is owned by company insiders.

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.