PDS Planning Inc Raises Position in CBRE Group, Inc. $CBRE

PDS Planning Inc boosted its stake in CBRE Group, Inc. (NYSE:CBRE) by 11.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,737 shares of the financial services provider’s stock after buying an additional 172 shares during the period. PDS Planning Inc’s holdings in CBRE Group were worth $243,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. increased its stake in shares of CBRE Group by 4.8% during the first 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. Invesco Ltd. increased its position 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 valued at $837,938,000 after acquiring an additional 397,818 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position 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 valued at $511,781,000 after acquiring an additional 2,680,337 shares in the last quarter. Northern Trust Corp increased its position in shares of CBRE Group by 2.1% during the first quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider’s stock valued at $506,158,000 after acquiring an additional 80,791 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position 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 valued at $487,127,000 after acquiring an additional 738,704 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. UBS Group lifted their target price on shares of CBRE Group from $146.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $170.78.

CBRE Group Trading Down 1.3%

NYSE:CBRE opened at $150.44 on Monday. The company has a current ratio of 1.13, a quick 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 $167.56. The company has a market cap of $44.76 billion, a PE ratio of 42.14 and a beta of 1.36. The company has a 50 day simple moving average of $159.43 and a two-hundred day simple moving average of $140.82.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The firm had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business’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 completion of the sale, the chief financial officer owned 103,371 shares of the company’s stock, valued at $16,291,269.60. The trade was a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the sale, the chief accounting officer directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 5,494 shares of company stock valued at $857,593 in the last 90 days. Company 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.