Nicola Wealth Management LTD. Increases Stock Position in CBRE Group, Inc. $CBRE

Nicola Wealth Management LTD. lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,124 shares of the financial services provider’s stock after buying an additional 500 shares during the quarter. Nicola Wealth Management LTD.’s holdings in CBRE Group were worth $1,193,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CBRE. Massachusetts Financial Services Co. MA lifted its stake in shares of CBRE Group by 217.4% during the 1st 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 buying an additional 2,680,337 shares in the last quarter. Nuveen LLC purchased a new stake in shares of CBRE Group during the 1st quarter valued at approximately $214,283,000. GAMMA Investing LLC lifted its stake in shares of CBRE Group by 20,889.0% during the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider’s stock valued at $168,896,000 after buying an additional 1,285,300 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of CBRE Group by 212.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider’s stock valued at $142,633,000 after buying an additional 741,477 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in CBRE Group by 24.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock worth $487,127,000 after purchasing an additional 738,704 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total transaction of $270,900.00. Following the transaction, the chief accounting officer owned 20,131 shares of the company’s stock, valued at approximately $2,818,340. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,926 shares of company stock valued at $1,338,073. Insiders own 0.42% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $165.98 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56. The company’s fifty day moving average price is $153.56 and its 200-day moving average price is $136.96. The firm has a market capitalization of $49.39 billion, a price-to-earnings ratio of 46.49 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. 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. On average, equities research 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 CBRE shares. Morgan Stanley reiterated an “overweight” rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. UBS Group increased their target price 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. Raymond James Financial increased their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Evercore ISI increased their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Finally, Keefe, Bruyette & Woods increased 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. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $165.22.

CBRE Group Company 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.