Strs Ohio Invests $1.42 Million in CBRE Group, Inc. $CBRE

Strs Ohio bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,824 shares of the financial services provider’s stock, valued at approximately $1,416,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in CBRE Group by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider’s stock valued at $1,042,317,000 after purchasing an additional 368,214 shares during the period. Invesco Ltd. increased its position in CBRE Group by 6.6% during the 1st 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 period. Massachusetts Financial Services Co. MA increased its position in CBRE Group by 217.4% during 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 purchasing an additional 2,680,337 shares during the period. Northern Trust Corp increased its position in CBRE Group by 2.1% during 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 purchasing an additional 80,791 shares during the period. Finally, JPMorgan Chase & Co. increased its position 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 valued at $487,127,000 after purchasing an additional 738,704 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE opened at $164.37 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. The company has a fifty day moving average of $155.39 and a two-hundred day moving average of $137.62. The stock has a market capitalization of $48.91 billion, a PE ratio of 46.04 and a beta of 1.36. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $167.56.

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

Insider Activity at CBRE Group

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 111,473 shares of the company’s stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the sale, the chief financial officer directly owned 103,371 shares of the company’s stock, valued at $16,291,269.60. This represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,926 shares of company stock valued at $1,338,073. 0.42% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CBRE. UBS Group lifted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. 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. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a research report on Thursday, July 24th. Finally, Raymond James Financial lifted 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. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.22.

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.