Ingalls & Snyder LLC Makes New $283,000 Investment in CBRE Group, Inc. $CBRE

Ingalls & Snyder LLC bought a new position in CBRE Group, Inc. (NYSE:CBRE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,020 shares of the financial services provider’s stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Moody National Bank Trust Division increased its holdings in shares of CBRE Group by 4.2% in the second quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock valued at $266,000 after buying an additional 76 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of CBRE Group by 4.0% in 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 in the last quarter. NorthRock Partners LLC raised its position in shares of CBRE Group by 1.8% during the second quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 90 shares during the period. Beverly Hills Private Wealth LLC raised its position in shares of 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 worth $663,000 after purchasing an additional 93 shares during the period. Finally, Verdence Capital Advisors LLC raised its position in shares of 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 worth $1,064,000 after purchasing an additional 102 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Down 1.1%

NYSE CBRE opened at $161.12 on Tuesday. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $47.95 billion, a PE ratio of 39.78 and a beta of 1.36. The firm’s fifty day simple moving average is $159.98 and its 200-day simple moving average is $143.60.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping 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 the consensus estimate of $10.11 billion. During the same period in the prior year, the business posted $1.20 earnings per share. CBRE Group’s revenue for the quarter 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. As a group, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Evercore ISI boosted their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. UBS Group boosted their price target on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Finally, Morgan Stanley boosted their target price on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

Insider Buying and Selling

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the transaction, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’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. This represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

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.