Knights of Columbus Asset Advisors LLC Has $1.86 Million Stake in CBRE Group, Inc. $CBRE

Knights of Columbus Asset Advisors LLC grew its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 16.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,236 shares of the financial services provider’s stock after acquiring an additional 1,890 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in CBRE Group were worth $1,855,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CBRE. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 buying an additional 2,680,337 shares during the last quarter. Nuveen LLC acquired a new stake in shares of CBRE Group during the 1st quarter valued at about $214,283,000. Assenagon Asset Management S.A. lifted its holdings in shares of CBRE Group by 212.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider’s stock valued at $142,633,000 after buying an additional 741,477 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 buying an additional 738,704 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of CBRE Group by 6.6% in the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock valued at $837,938,000 after acquiring an additional 397,818 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CBRE shares. Raymond James Financial raised their price objective on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Morgan Stanley reissued an “overweight” rating and issued a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research note on Saturday, September 27th. Evercore ISI raised their price objective on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Finally, UBS Group raised their price objective on CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average target price of $165.22.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $153.47 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $159.79 and its two-hundred day moving average is $140.30. The company has a market cap of $45.66 billion, a P/E ratio of 42.99 and a beta of 1.36. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $167.56.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. The business had revenue of $9.75 billion for the quarter, compared to analysts’ expectations of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. 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 EPS for the current year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,494 shares of company stock worth $857,593. 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.