MassMutual Private Wealth & Trust FSB Increases Position in CBRE Group, Inc. $CBRE

MassMutual Private Wealth & Trust FSB boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 20.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,701 shares of the financial services provider’s stock after purchasing an additional 286 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in CBRE Group were worth $238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of CBRE. WPG Advisers LLC purchased a new stake in shares of CBRE Group in the 1st quarter valued at approximately $26,000. Investment Management Corp VA ADV acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $28,000. Hughes Financial Services LLC acquired a new position in shares of CBRE Group in the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC lifted its holdings in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after buying an additional 213 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in CBRE Group by 1,400.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider’s stock worth $37,000 after buying an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CBRE shares. Morgan Stanley reiterated an “overweight” rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Evercore ISI increased their target price 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. UBS Group increased their target price on shares of CBRE Group from $130.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. increased their target price on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Finally, Raymond James Financial increased their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.22.

CBRE Group Trading Up 0.9%

NYSE CBRE opened at $165.77 on Friday. The company’s fifty day simple moving average is $155.88 and its 200-day simple moving average is $137.79. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a market cap of $49.32 billion, a P/E ratio of 46.43 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.14. The firm had revenue of $9.75 billion for 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. Equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 value of $154,900.00. Following the sale, the chief executive officer owned 111,473 shares of the company’s stock, valued at $17,267,167.70. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 completion of the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. This trade represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,926 shares of company stock valued at $1,338,073 in the last quarter. Company insiders own 0.42% of the company’s stock.

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.