CBRE Group, Inc. $CBRE Position Increased by Telos Capital Management Inc.

Telos Capital Management Inc. raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,927 shares of the financial services provider’s stock after buying an additional 2,278 shares during the quarter. Telos Capital Management Inc.’s holdings in CBRE Group were worth $6,716,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in CBRE Group by 21.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider’s stock valued at $968,000 after purchasing an additional 1,310 shares during the last quarter. Advisors Capital Management LLC acquired a new position in CBRE Group during the first quarter valued at approximately $237,000. LPL Financial LLC grew its holdings in CBRE Group by 31.4% during the first quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock valued at $12,005,000 after purchasing an additional 21,934 shares during the last quarter. Smith Salley Wealth Management grew its holdings in CBRE Group by 64.0% during the second quarter. Smith Salley Wealth Management now owns 4,262 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 1,664 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in CBRE Group by 98.3% during the second quarter. Kathmere Capital Management LLC now owns 3,276 shares of the financial services provider’s stock valued at $459,000 after purchasing an additional 1,624 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. increased their price target on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Evercore ISI raised their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Finally, Raymond James Financial raised their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $171.89.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the transaction, the chief financial officer directly owned 103,371 shares of the company’s stock, valued at $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction 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 transaction, the chief executive officer directly owned 111,473 shares of the company’s stock, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.42% of the stock is owned by company insiders.

CBRE Group Stock Down 0.2%

Shares of CBRE stock opened at $152.59 on Monday. The stock has a market cap of $45.41 billion, a P/E ratio of 37.68 and a beta of 1.36. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $171.00. The stock has a fifty day moving average price of $159.46 and a 200 day moving average price of $144.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13.

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