CBRE Group, Inc. $CBRE Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,319 shares of the financial services provider’s stock after purchasing an additional 19,734 shares during the period. Teacher Retirement System of Texas owned 0.12% of CBRE Group worth $48,106,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Transcend Capital Advisors LLC increased its position in shares of CBRE Group by 21.4% during the second quarter. Transcend Capital Advisors LLC now owns 3,751 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 662 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its position in shares of CBRE Group by 27.1% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 7,814 shares of the financial services provider’s stock valued at $1,095,000 after acquiring an additional 1,665 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of CBRE Group in the 2nd quarter valued at $538,000. Wealthfront Advisers LLC increased its position in shares of CBRE Group by 37.6% in the 2nd quarter. Wealthfront Advisers LLC now owns 23,172 shares of the financial services provider’s stock valued at $3,247,000 after acquiring an additional 6,336 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of CBRE Group by 9.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 55,030 shares of the financial services provider’s stock valued at $7,711,000 after acquiring an additional 4,574 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s stock in a transaction dated 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 $17,267,167.70. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the sale, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,494 shares of company stock worth $857,593 in the last ninety days. Company insiders own 0.42% of the company’s stock.

CBRE Group Price Performance

NYSE:CBRE opened at $163.28 on Monday. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $171.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $48.58 billion, a price-to-earnings ratio of 40.32 and a beta of 1.36. The firm’s fifty day moving average is $159.91 and its two-hundred day moving average is $143.32.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CBRE. Keefe, Bruyette & Woods upped their target price on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. UBS Group upped their target price on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Morgan Stanley upped their target price on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Finally, Raymond James Financial upped their price target on shares of CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. 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.com, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $171.89.

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.