Empowered Funds LLC Acquires 34,534 Shares of CBRE Group, Inc. $CBRE

Empowered Funds LLC grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 215.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 50,590 shares of the financial services provider’s stock after purchasing an additional 34,534 shares during the period. Empowered Funds LLC’s holdings in CBRE Group were worth $6,616,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its stake in CBRE Group by 217.4% in 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 buying an additional 2,680,337 shares in the last quarter. Nuveen LLC bought a new position in shares of CBRE Group in the first quarter worth about $214,283,000. GAMMA Investing LLC boosted its stake in shares of CBRE Group by 20,889.0% in 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 purchasing an additional 1,285,300 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings 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 purchasing an additional 741,477 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in CBRE Group by 24.7% during 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. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CBRE. UBS Group raised their target price on shares of CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their price objective on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Raymond James Financial upped 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. Evercore ISI lifted their price target on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Finally, Keefe, Bruyette & Woods boosted their price target on CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and a consensus target price of $165.22.

CBRE Group Stock Up 0.4%

Shares of CBRE opened at $162.66 on Thursday. The stock’s 50-day moving average price is $153.09 and its two-hundred day moving average price is $136.76. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $165.41. The company has a market capitalization of $48.40 billion, a PE ratio of 45.56 and a beta of 1.36. 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 (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, topping 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 company 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. On average, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In other news, 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 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 $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lindsey S. Caplan sold 1,935 shares of the business’s 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 completion of the transaction, the chief accounting officer owned 20,131 shares in the company, valued at approximately $2,818,340. The trade was a 8.77% 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 worth $1,338,073. Company insiders own 0.42% of the company’s stock.

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.