Forum Financial Management LP Has $591,000 Stock Holdings in CBRE Group, Inc. $CBRE

Forum Financial Management LP grew its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,219 shares of the financial services provider’s stock after purchasing an additional 311 shares during the quarter. Forum Financial Management LP’s holdings in CBRE Group were worth $591,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CBRE. Cambridge Investment Research Advisors Inc. lifted its stake in shares of CBRE Group by 21.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider’s stock worth $968,000 after acquiring an additional 1,310 shares during the period. Golden State Wealth Management LLC lifted 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 worth $32,000 after acquiring an additional 213 shares during the period. Principal Financial Group Inc. lifted its stake in shares of 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 worth $1,042,317,000 after acquiring an additional 368,214 shares during the period. LPL Financial LLC lifted its stake in shares of CBRE Group by 31.4% in the first quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock worth $12,005,000 after acquiring an additional 21,934 shares during the period. Finally, Advisors Capital Management LLC acquired a new position in shares of CBRE Group in the first quarter worth approximately $237,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the business’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 transaction, the chief executive officer owned 111,473 shares of the company’s stock, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the transaction, the chief accounting officer directly owned 26,717 shares in the company, valued at $4,151,020.29. This represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,494 shares of company stock valued at $857,593. Insiders own 0.42% of the company’s stock.

CBRE Group Stock Down 0.6%

CBRE stock opened at $163.28 on Friday. The stock’s fifty day simple moving average is $159.91 and its two-hundred day simple moving average is $142.97. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00. The stock has a market cap of $48.58 billion, a P/E ratio of 40.32 and a beta of 1.36.

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, topping the consensus estimate of $1.46 by $0.15. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.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 firm earned $1.20 earnings per share. The business’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. Analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. UBS Group boosted their price objective on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday. Raymond James Financial boosted their price objective on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Evercore ISI boosted their price objective on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.