Hudson Valley Investment Advisors Inc. ADV Purchases 4,965 Shares of CBRE Group, Inc. $CBRE

Hudson Valley Investment Advisors Inc. ADV grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 14.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,411 shares of the financial services provider’s stock after buying an additional 4,965 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in CBRE Group were worth $5,522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBRE. Massachusetts Financial Services Co. MA grew its stake in shares of CBRE Group by 217.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider’s stock worth $511,781,000 after buying an additional 2,680,337 shares during the last quarter. Nuveen LLC bought a new stake in shares of CBRE Group during the first quarter worth $214,283,000. Assenagon Asset Management S.A. grew its stake in shares of CBRE Group by 212.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider’s stock worth $142,633,000 after buying an additional 741,477 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of CBRE Group by 24.7% during the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock worth $487,127,000 after buying an additional 738,704 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of CBRE Group by 6.6% during the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock worth $837,938,000 after buying an additional 397,818 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CBRE. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. UBS Group boosted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their target price on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $165.22.

CBRE Group Price Performance

CBRE Group stock opened at $156.12 on Friday. The stock’s 50 day moving average is $159.66 and its 200 day moving average is $139.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $46.45 billion, a P/E ratio of 43.73 and a beta of 1.36. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion for the quarter, compared to analyst estimates 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. As a group, research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insiders Place Their Bets

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction that occurred 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 in the company, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction that occurred 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 approximately $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,494 shares of company stock worth $857,593. 0.42% of the stock is owned by corporate insiders.

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.