Allspring Global Investments Holdings LLC Acquires 319,115 Shares of CBRE Group, Inc. $CBRE

Allspring Global Investments Holdings LLC increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,628,945 shares of the financial services provider’s stock after acquiring an additional 319,115 shares during the quarter. CBRE Group comprises 0.9% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 9th biggest position. Allspring Global Investments Holdings LLC’s holdings in CBRE Group were worth $513,931,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. WPG Advisers LLC purchased a new position in CBRE Group during the first quarter worth about $26,000. Hughes Financial Services LLC purchased a new position in CBRE Group during the first quarter worth about $28,000. Golden State Wealth Management LLC raised its stake 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 worth $32,000 after purchasing an additional 213 shares during the period. Quarry LP raised its stake in CBRE Group by 97.4% during the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 147 shares during the period. Finally, Accredited Wealth Management LLC raised its stake in CBRE Group by 338.7% during the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 254 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the business’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 transaction 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. The trade was a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the transaction, the chief accounting officer owned 26,717 shares of the company’s stock, valued at $4,151,020.29. This trade represents a 5.30% 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 90 days. Corporate insiders own 0.42% of the company’s stock.

CBRE Group Trading Down 1.3%

NYSE CBRE opened at $150.44 on Monday. 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 52 week low of $108.45 and a 52 week high of $167.56. The stock has a market capitalization of $44.76 billion, a PE ratio of 42.14 and a beta of 1.36. The firm has a 50 day moving average of $159.43 and a two-hundred day moving average of $140.82.

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

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research note on Thursday. Raymond James Financial lifted their target price 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Morgan Stanley boosted their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Finally, UBS Group boosted their price target on shares of CBRE Group from $146.00 to $165.00 and gave the company a “neutral” rating in a research note on Friday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $170.78.

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.