TD Private Client Wealth LLC Has $1.81 Million Holdings in CBRE Group, Inc. $CBRE

TD Private Client Wealth LLC lifted its position in CBRE Group, Inc. (NYSE:CBRE) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,903 shares of the financial services provider’s stock after acquiring an additional 169 shares during the period. TD Private Client Wealth LLC’s holdings in CBRE Group were worth $1,808,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of CBRE Group by 322.9% during the 4th 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of CBRE Group by 39.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,845 shares of the financial services provider’s stock valued at $3,131,000 after buying an additional 6,790 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of CBRE Group by 35.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,415 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 374 shares during the last quarter. Boston Common Asset Management LLC increased its position in CBRE Group by 8.3% during the first quarter. Boston Common Asset Management LLC now owns 100,340 shares of the financial services provider’s stock worth $13,122,000 after buying an additional 7,703 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in shares of CBRE Group by 942.5% during the 1st quarter. Central Pacific Bank Trust Division now owns 6,255 shares of the financial services provider’s stock worth $818,000 after acquiring an additional 5,655 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $131.00 to $147.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Evercore ISI raised their target price 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. Raymond James Financial boosted their price target on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.22.

CBRE Group Stock Down 0.5%

Shares of NYSE:CBRE opened at $156.34 on Friday. The company has a market capitalization of $46.52 billion, a price-to-earnings ratio of 43.79 and a beta of 1.36. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $167.56. The business’s 50-day moving average is $158.03 and its 200-day moving average is $138.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The company had revenue of $9.75 billion during the quarter, compared to analyst estimates 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. Equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Activity

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the transaction, the chief accounting officer owned 26,717 shares of the company’s stock, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $16,291,269.60. This represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,494 shares of company stock worth $857,593 over the last quarter. 0.42% of the stock is currently owned by corporate insiders.

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.