Wealthfront Advisers LLC Has $3.25 Million Stake in CBRE Group, Inc. $CBRE

Wealthfront Advisers LLC increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 37.6% during the second quarter, Holdings Channel reports. The fund owned 23,172 shares of the financial services provider’s stock after purchasing an additional 6,336 shares during the period. Wealthfront Advisers LLC’s holdings in CBRE Group were worth $3,247,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in CBRE Group by 4.8% in the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider’s stock worth $1,042,317,000 after purchasing an additional 368,214 shares in the last quarter. Invesco Ltd. grew its stake in shares of CBRE Group by 6.6% during the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock valued at $837,938,000 after purchasing an additional 397,818 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of CBRE Group by 217.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider’s stock valued at $511,781,000 after purchasing an additional 2,680,337 shares during the last quarter. Northern Trust Corp grew its stake in shares of CBRE Group by 2.1% during the first quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider’s stock valued at $506,158,000 after purchasing an additional 80,791 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in CBRE Group by 24.7% during the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock worth $487,127,000 after buying an additional 738,704 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Down 4.1%

Shares of CBRE Group stock opened at $152.89 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $171.00. The stock has a market cap of $45.50 billion, a PE ratio of 37.75 and a beta of 1.36. The business has a fifty day simple moving average of $159.81 and a 200 day simple moving average of $144.16.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on CBRE shares. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. lifted their price objective on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. 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 research note on Monday, August 25th. Finally, Morgan Stanley raised their target price 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. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and an average target price of $171.89.

Insider Activity at CBRE Group

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the business’s stock in a transaction on Monday, August 11th. The shares were 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. The trade was a 0.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the transaction, the chief financial officer 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. Additional details regarding this sale are available in the official SEC disclosure. 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.