CBRE Group, Inc. $CBRE Position Raised by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 16.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,236 shares of the financial services provider’s stock after buying an additional 1,890 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in CBRE Group were worth $1,855,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CBRE. Brighton Jones LLC increased its holdings in shares of CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after purchasing an additional 11,065 shares during the period. Merit Financial Group LLC increased its holdings in shares of CBRE Group by 82.5% during the first quarter. Merit Financial Group LLC now owns 3,559 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 1,609 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of CBRE Group by 1,400.0% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 266 shares during the period. Gateway Investment Advisers LLC acquired a new position in shares of CBRE Group during the first quarter valued at $625,000. Finally, Wedmont Private Capital increased its holdings in shares of CBRE Group by 7.6% during the first quarter. Wedmont Private Capital now owns 4,031 shares of the financial services provider’s stock valued at $527,000 after purchasing an additional 284 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 26,717 shares in the company, valued at $4,151,020.29. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the transaction, the chief financial officer owned 103,371 shares of the company’s stock, valued at $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,494 shares of company stock worth $857,593 in the last quarter. 0.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CBRE shares. JPMorgan Chase & Co. raised their price target on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Saturday, September 27th. Evercore ISI lifted their target price on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Raymond James Financial lifted their target price on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.22.

CBRE Group Trading Down 1.7%

NYSE:CBRE opened at $153.47 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56. The firm has a market capitalization of $45.66 billion, a price-to-earnings ratio of 42.99 and a beta of 1.36. The stock has a fifty day simple moving average of $159.79 and a 200 day simple moving average of $140.30.

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

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.