CBRE Group, Inc. $CBRE Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 6.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,731 shares of the financial services provider’s stock after purchasing an additional 304 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in CBRE Group were worth $663,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. WPG Advisers LLC acquired a new stake in shares of CBRE Group in the first quarter valued at about $26,000. Hughes Financial Services LLC acquired a new stake in shares of CBRE Group in the first quarter valued at about $28,000. Golden State Wealth Management LLC grew its stake in shares of CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock valued at $32,000 after buying an additional 213 shares in the last quarter. Quarry LP grew its stake in shares of CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after buying an additional 147 shares in the last quarter. Finally, Accredited Wealth Management LLC grew its stake in shares of CBRE Group by 338.7% in the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after buying an additional 254 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Up 1.1%

NYSE:CBRE opened at $157.08 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $159.40 and its two-hundred day moving average is $141.54. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56. The company has a market cap of $46.74 billion, a PE ratio of 44.00 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion for 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. On average, analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Evercore ISI increased their price target on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. UBS Group increased their price target on CBRE Group from $146.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Finally, Raymond James Financial increased their target price on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $170.78.

Insider Transactions at CBRE Group

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the 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 directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer owned 26,717 shares in the company, valued at $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,494 shares of company stock worth $857,593. 0.42% of the stock is currently owned by company insiders.

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.