CBRE Group, Inc. $CBRE Shares Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,655 shares of the financial services provider’s stock after acquiring an additional 223 shares during the period. Cookson Peirce & Co. Inc.’s holdings in CBRE Group were worth $1,073,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CBRE. Massachusetts Financial Services Co. MA raised its stake in shares of CBRE Group by 217.4% in the first 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 acquiring an additional 2,680,337 shares in the last quarter. Nuveen LLC acquired a new stake in CBRE Group in the first quarter valued at $214,283,000. JPMorgan Chase & Co. raised its stake in CBRE Group by 24.7% in the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock valued at $487,127,000 after buying an additional 738,704 shares in the last quarter. Invesco Ltd. raised its stake in CBRE Group by 6.6% in the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock valued at $837,938,000 after buying an additional 397,818 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in CBRE Group by 4.8% in the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider’s stock valued at $1,042,317,000 after buying an additional 368,214 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group 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 sale, the chief financial officer owned 103,371 shares of the company’s stock, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,494 shares of company stock valued at $857,593. 0.42% of the stock is owned by corporate insiders.

CBRE Group Price Performance

Shares of CBRE opened at $164.16 on Thursday. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $167.56. The stock’s 50 day moving average is $159.72 and its two-hundred day moving average is $142.30. The firm has a market capitalization of $48.84 billion, a PE ratio of 45.98 and a beta of 1.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on CBRE shares. Raymond James Financial raised their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Evercore ISI raised their price target on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. UBS Group raised their price target on CBRE Group from $146.00 to $165.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Morgan Stanley raised their price target on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. raised their price target on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Eight equities research 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, the company has a consensus rating of “Moderate Buy” and an average price target of $170.78.

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.