Federated Hermes Inc. Boosts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Federated Hermes Inc. raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 14.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,380 shares of the financial services provider’s stock after buying an additional 548 shares during the quarter. Federated Hermes Inc.’s holdings in CBRE Group were worth $408,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of CBRE Group by 795.4% during the fourth quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock valued at $13,107,000 after buying an additional 125,071 shares during the last quarter. DNB Asset Management AS raised its stake in shares of CBRE Group by 37.9% in the fourth quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock worth $11,975,000 after purchasing an additional 35,386 shares during the last quarter. Advisor Resource Council bought a new position in shares of CBRE Group during the fourth quarter valued at $1,083,000. Sei Investments Co. boosted its position in shares of CBRE Group by 14.1% during the third quarter. Sei Investments Co. now owns 1,073,768 shares of the financial services provider’s stock valued at $79,308,000 after buying an additional 132,748 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in CBRE Group by 2.8% in the 4th quarter. Nordea Investment Management AB now owns 21,548 shares of the financial services provider’s stock worth $2,014,000 after buying an additional 578 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Evercore ISI upped their target price on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Jefferies Financial Group initiated coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price for the company. Finally, Raymond James increased their price target on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $99.50.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $86.61 on Friday. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $98.65. The firm has a market capitalization of $26.58 billion, a price-to-earnings ratio of 27.32 and a beta of 1.44. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $91.70 and a 200 day moving average of $85.80.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The firm had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that CBRE Group, Inc. will post 4.45 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In other news, CEO John E. Durburg sold 25,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John E. Durburg sold 25,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the sale, the chief executive officer now directly owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,592 shares of company stock valued at $3,675,752. Company insiders own 0.54% of the company’s stock.

CBRE Group Company 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.