CBRE Group, Inc. $CBRE Shares Acquired by Ieq Capital LLC

Ieq Capital LLC grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 12.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,171 shares of the financial services provider’s stock after buying an additional 7,769 shares during the quarter. Ieq Capital LLC’s holdings in CBRE Group were worth $9,046,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CBRE. Massachusetts Financial Services Co. MA lifted its holdings in shares of CBRE Group by 217.4% in 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 buying an additional 2,680,337 shares during the period. Nuveen LLC acquired a new position in CBRE Group during the first quarter worth $214,283,000. GAMMA Investing LLC raised its holdings in CBRE Group by 20,889.0% during the first quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider’s stock worth $168,896,000 after purchasing an additional 1,285,300 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in CBRE Group by 212.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider’s stock worth $142,633,000 after purchasing an additional 741,477 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in CBRE Group by 24.7% during the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock worth $487,127,000 after purchasing an additional 738,704 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer 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 can be accessed through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the transaction, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. The trade was a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,926 shares of company stock valued at $1,338,073 over the last quarter. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CBRE. Evercore ISI lifted their price objective on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. UBS Group raised their price target on CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Raymond James Financial raised their price target on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, Morgan Stanley reissued an “overweight” rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.22.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $163.20 on Thursday. The company has a market cap of $48.56 billion, a P/E ratio of 45.71 and a beta of 1.34. 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, Inc. has a 52 week low of $108.45 and a 52 week high of $165.41. The business has a fifty day simple moving average of $148.37 and a 200-day simple moving average of $135.41.

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

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.