Cresset Asset Management LLC Acquires 187 Shares of CBRE Group, Inc. $CBRE

Cresset Asset Management LLC raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,422 shares of the financial services provider’s stock after acquiring an additional 187 shares during the period. Cresset Asset Management LLC’s holdings in CBRE Group were worth $448,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CBRE. Brighton Jones LLC increased its position in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after buying an additional 11,065 shares in the last quarter. IHT Wealth Management LLC bought a new stake in shares of CBRE Group in the 4th quarter valued at $201,000. Integrated Wealth Concepts LLC increased its position in shares of CBRE Group by 99.7% in the 4th quarter. Integrated Wealth Concepts LLC now owns 3,343 shares of the financial services provider’s stock valued at $439,000 after buying an additional 1,669 shares in the last quarter. Earnest Partners LLC increased its position in shares of CBRE Group by 1.4% in the 4th quarter. Earnest Partners LLC now owns 3,696,955 shares of the financial services provider’s stock valued at $485,373,000 after buying an additional 49,862 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in shares of CBRE Group by 7.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 246,552 shares of the financial services provider’s stock valued at $32,370,000 after buying an additional 17,726 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Transactions at CBRE Group

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the transaction, the chief executive officer directly owned 111,473 shares in the company, valued at $17,267,167.70. This represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares of the company’s stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,926 shares of company stock worth $1,338,073 in the last three months. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Raymond James Financial increased their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. UBS Group increased their target price on CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Morgan Stanley reiterated an “overweight” rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Keefe, Bruyette & Woods increased their target price on CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Finally, Evercore ISI increased their target price on CBRE Group from $147.00 to $164.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.00.

CBRE Group Trading Up 3.4%

CBRE Group stock opened at $164.4880 on Monday. The firm has a 50-day moving average of $146.53 and a 200-day moving average of $134.86. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $164.89. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $48.94 billion, a price-to-earnings ratio of 46.08 and a beta of 1.34.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.