ABN Amro Investment Solutions Purchases 6,126 Shares of CBRE Group, Inc. $CBRE

ABN Amro Investment Solutions grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 18.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,215 shares of the financial services provider’s stock after purchasing an additional 6,126 shares during the quarter. ABN Amro Investment Solutions’ holdings in CBRE Group were worth $5,312,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Swiss RE Ltd. bought a new position in shares of CBRE Group in the 4th quarter worth $25,000. Navalign LLC bought a new stake in CBRE Group during the fourth quarter valued at about $29,000. Ascentis Independent Advisors bought a new stake in CBRE Group during the first quarter valued at about $30,000. Cassaday & Co Wealth Management LLC purchased a new position in CBRE Group in the first quarter valued at about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in CBRE Group in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the transaction, the chief financial officer owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.46% of the company’s stock.

CBRE Group Stock Down 0.8%

CBRE stock opened at $137.16 on Thursday. The firm has a 50 day moving average of $134.10 and a 200 day moving average of $144.20. The stock has a market capitalization of $40.16 billion, a PE ratio of 31.24 and a beta of 1.20. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. The business had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. CBRE Group’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 EPS. Sell-side analysts forecast that CBRE Group, Inc. will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CBRE. Evercore set a $169.00 price target on shares of CBRE Group in a report on Tuesday, June 30th. Barclays raised their target price on shares of CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. UBS Group reiterated a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Finally, Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $178.86.

CBRE Group Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.