Amalgamated Bank Boosts Holdings in CBRE Group, Inc. $CBRE

Amalgamated Bank grew its position in CBRE Group, Inc. (NYSE:CBRE) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,156 shares of the financial services provider’s stock after buying an additional 116 shares during the period. Amalgamated Bank’s holdings in CBRE Group were worth $8,289,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Invesco Ltd. grew its stake in shares of CBRE Group by 6.6% in the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock valued at $837,938,000 after buying an additional 397,818 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of CBRE Group by 217.4% in the 1st 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 buying an additional 2,680,337 shares during the period. Northern Trust Corp grew its stake in shares of CBRE Group by 2.1% in the 1st quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider’s stock valued at $506,158,000 after buying an additional 80,791 shares during the period. JPMorgan Chase & Co. grew its stake in shares of CBRE Group by 24.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock valued at $487,127,000 after buying an additional 738,704 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of CBRE Group by 9.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,628,945 shares of the financial services provider’s stock valued at $513,931,000 after buying an additional 319,115 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Raymond James Financial increased their price target on shares of CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Evercore ISI upped their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Morgan Stanley upped their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Finally, UBS Group upped their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus target price of $171.89.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the 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 sale, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. This represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the sale, the chief executive officer owned 111,473 shares in the company, valued at approximately $17,267,167.70. This trade represents a 0.89% 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 owned by corporate insiders.

CBRE Group Price Performance

CBRE Group stock opened at $152.59 on Friday. The firm has a market cap of $45.41 billion, a PE ratio of 37.68 and a beta of 1.36. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $171.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $159.46 and its two-hundred day moving average is $144.46.

CBRE Group (NYSE:CBRE) last released 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 company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, research analysts expect 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.