Hilltop National Bank Invests $239,000 in CBRE Group, Inc. $CBRE

Hilltop National Bank bought a new position in CBRE Group, Inc. (NYSE:CBRE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,708 shares of the financial services provider’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new stake in shares of CBRE Group in the 1st quarter worth about $26,000. Hughes Financial Services LLC purchased a new stake in shares of CBRE Group in the 1st quarter worth about $28,000. Golden State Wealth Management LLC grew its position in shares of CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after buying an additional 213 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock worth $37,000 after buying an additional 266 shares during the period. Finally, Quarry LP grew its position in shares of CBRE Group by 97.4% in the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after buying an additional 147 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the sale, the chief executive officer owned 111,473 shares of the company’s stock, valued at $17,267,167.70. This represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the company’s stock in a transaction dated 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 $4,151,020.29. The trade was a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,494 shares of company stock worth $857,593. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CBRE. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Evercore ISI upped their price target 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. UBS Group upped their price target 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. Morgan Stanley reiterated an “overweight” rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Finally, Raymond James Financial upped their price target 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. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $165.22.

CBRE Group Price Performance

CBRE opened at $156.12 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $46.45 billion, a P/E ratio of 43.73 and a beta of 1.36. The company’s 50-day simple moving average is $159.66 and its two-hundred day simple moving average is $139.99. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $167.56.

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

CBRE Group 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.