CBRE Group, Inc. $CBRE Stock Holdings Boosted by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,005 shares of the financial services provider’s stock after purchasing an additional 114 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in CBRE Group were worth $6,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new position in CBRE Group during the 1st quarter valued at $256,000. Cambridge Investment Research Advisors Inc. boosted its stake in CBRE Group by 21.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider’s stock valued at $968,000 after purchasing an additional 1,310 shares in the last quarter. USA Financial Formulas bought a new position in CBRE Group during the 1st quarter valued at $1,101,000. Golden State Wealth Management LLC boosted its stake in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 213 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in CBRE Group by 4.8% during the 1st 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 purchasing an additional 368,214 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. Morgan Stanley reissued an “overweight” rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Finally, Evercore ISI raised their price objective on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.22.

Insider Transactions at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer owned 26,717 shares of the company’s stock, valued at $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the sale, the chief executive officer directly owned 111,473 shares of the company’s stock, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,926 shares of company stock valued at $1,338,073 over the last quarter. Company insiders own 0.42% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $164.37 on Friday. The stock has a market cap of $48.91 billion, a PE ratio of 46.04 and a beta of 1.36. The business has a fifty day simple moving average of $151.81 and a 200-day simple moving average of $136.25. 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, Inc. has a 12 month low of $108.45 and a 12 month high of $165.41.

CBRE Group (NYSE:CBRE) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. The business had revenue of $9.75 billion during the quarter, compared to analysts’ expectations 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, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.