CBRE Group, Inc. $CBRE Position Raised by Callan Family Office LLC

Callan Family Office LLC increased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 172.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 8,523 shares of the financial services provider’s stock after buying an additional 5,391 shares during the quarter. Callan Family Office LLC’s holdings in CBRE Group were worth $1,194,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. WPG Advisers LLC bought a new position in shares of CBRE Group in the first quarter valued at $26,000. Hughes Financial Services LLC bought a new position in shares of CBRE Group in the first quarter valued at $28,000. Golden State Wealth Management LLC increased its holdings in shares of CBRE Group by 687.1% in 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 in the last quarter. Quarry LP increased its holdings in shares of CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after buying an additional 147 shares in the last quarter. Finally, Accredited Wealth Management LLC increased its holdings in shares of CBRE Group by 338.7% in the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after buying an additional 254 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CBRE shares. Keefe, Bruyette & Woods upped their price target on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, UBS Group lifted their price objective on shares of CBRE Group from $146.00 to $165.00 and gave the stock a “neutral” rating in a research report on Friday. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $170.78.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer owned 26,717 shares of the company’s stock, valued at $4,151,020.29. This represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,494 shares of company stock worth $857,593. Corporate insiders own 0.42% of the company’s stock.

CBRE Group Price Performance

CBRE opened at $150.44 on Monday. The stock has a market cap of $44.76 billion, a price-to-earnings ratio of 42.14 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 company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $159.43 and a 200 day moving average price of $140.82.

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