Voya Investment Management LLC Buys 30,106 Shares of CBRE Group, Inc. $CBRE

Voya Investment Management LLC grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 906,438 shares of the financial services provider’s stock after acquiring an additional 30,106 shares during the period. Voya Investment Management LLC’s holdings in CBRE Group were worth $118,544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in CBRE Group during the first quarter valued at approximately $26,000. Investment Management Corp VA ADV purchased a new position in CBRE Group during the fourth quarter valued at approximately $28,000. Hughes Financial Services LLC purchased a new position in CBRE Group during the first quarter valued at approximately $28,000. Golden State Wealth Management LLC increased its holdings in CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock valued at $32,000 after buying an additional 213 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in 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 buying an additional 266 shares during the period. Institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

CBRE has been the topic of several research reports. Morgan Stanley reissued an “overweight” rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. UBS Group lifted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Evercore ISI lifted their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. increased 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. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.22.

CBRE Group Stock Down 1.2%

Shares of CBRE stock opened at $163.88 on Friday. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56. The stock’s fifty day moving average price is $153.99 and its 200 day moving average price is $137.13. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $48.76 billion, a price-to-earnings ratio of 45.91 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data 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 net margin of 2.86% and a return on equity of 18.89%. The firm 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, research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,935 shares of the firm’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total value of $270,900.00. Following the completion of the transaction, the chief accounting officer owned 20,131 shares in the company, valued at $2,818,340. This trade represents a 8.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the transaction, the chief executive officer owned 111,473 shares of the company’s stock, valued at $17,267,167.70. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,926 shares of company stock worth $1,338,073 in the last 90 days. Insiders own 0.42% of the company’s stock.

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.