Gilbert & Cook Inc. Raises Stock Position in CBRE Group, Inc. $CBRE

Gilbert & Cook Inc. boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,088 shares of the financial services provider’s stock after acquiring an additional 508 shares during the period. Gilbert & Cook Inc.’s holdings in CBRE Group were worth $853,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CBRE. WPG Advisers LLC purchased a new stake in shares of CBRE Group during the first quarter worth about $26,000. Hughes Financial Services LLC acquired a new stake in CBRE Group in the 1st quarter worth about $28,000. Quarry LP boosted its holdings in CBRE Group by 97.4% in the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after buying an additional 147 shares during the last quarter. Accredited Wealth Management LLC increased its stake in CBRE Group by 338.7% during the 1st quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock worth $43,000 after buying an additional 254 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in CBRE Group during the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Transactions at CBRE Group

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the firm’s 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 sale, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group 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 directly owned 103,371 shares in the company, valued at $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group raised their target price on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Morgan Stanley increased their price objective on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. 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 report on Thursday, July 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $152.59 on Friday. The business’s 50 day moving average price is $159.46 and its 200 day moving average price is $144.64. The company has a market cap of $45.41 billion, a price-to-earnings ratio of 37.68 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $171.00.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.15. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.11 billion. During the same period in the prior year, the business earned $1.20 EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current 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.