AlTi Global Inc. Acquires Shares of 1,979 CBRE Group, Inc. $CBRE

AlTi Global Inc. acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,979 shares of the financial services provider’s stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Moody National Bank Trust Division increased its stake in CBRE Group by 4.2% during the 2nd quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 76 shares in the last quarter. Valeo Financial Advisors LLC grew its position in CBRE Group by 4.0% during the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider’s stock valued at $290,000 after buying an additional 85 shares during the period. NorthRock Partners LLC grew its position in CBRE Group by 1.8% during the second quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider’s stock valued at $695,000 after buying an additional 90 shares during the period. Beverly Hills Private Wealth LLC lifted its holdings in CBRE Group by 1.9% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider’s stock valued at $663,000 after purchasing an additional 93 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in CBRE Group by 1.3% during the first quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider’s stock valued at $1,064,000 after purchasing an additional 102 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Down 0.6%

Shares of CBRE opened at $163.28 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00. The stock has a market capitalization of $48.58 billion, a PE ratio of 40.32 and a beta of 1.36. The company’s fifty day moving average is $159.91 and its 200 day moving average is $143.17.

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

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following 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 disclosure for this sale can be found here. Insiders have sold 5,494 shares of company stock worth $857,593 over the last quarter. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CBRE shares. Morgan Stanley lifted their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Evercore ISI boosted their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Raymond James Financial boosted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. UBS Group boosted their target price on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $171.89.

About CBRE Group

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.