Baker Tilly Wealth Management LLC Grows Stake in CBRE Group, Inc. $CBRE

Baker Tilly Wealth Management LLC lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 20.2% in the second quarter, Holdings Channel reports. The firm owned 3,574 shares of the financial services provider’s stock after buying an additional 601 shares during the period. Baker Tilly Wealth Management LLC’s holdings in CBRE Group were worth $501,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. WPG Advisers LLC acquired a new position in CBRE Group during the first quarter worth about $26,000. Investment Management Corp VA ADV purchased a new position in CBRE Group in the 4th quarter worth approximately $28,000. Hughes Financial Services LLC purchased a new position in CBRE Group in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC lifted its stake in CBRE Group by 687.1% in the 1st 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the sale, the chief accounting officer directly owned 26,717 shares of the company’s stock, valued at approximately $4,151,020.29. This represents a 5.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the 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 completion of the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,926 shares of company stock valued at $1,338,073 in the last ninety days. Company insiders own 0.42% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE opened at $164.37 on Thursday. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $167.56. The firm’s 50 day moving average price is $155.39 and its 200 day moving average price is $137.62. The company has a market cap of $48.91 billion, a P/E ratio of 46.04 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, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of research reports. Morgan Stanley reissued an “overweight” rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. UBS Group raised their target price on shares of CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Raymond James Financial raised their target price on shares of 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 boosted their target price on shares of CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $165.22.

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.