CBRE Group, Inc. $CBRE Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in CBRE Group, Inc. (NYSE:CBRE) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,166 shares of the financial services provider’s stock after buying an additional 220 shares during the quarter. Venturi Wealth Management LLC’s holdings in CBRE Group were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. WPG Advisers LLC purchased a new position in shares of CBRE Group in the 1st quarter worth $26,000. Hughes Financial Services LLC purchased a new position in shares of CBRE Group in the 1st quarter worth $28,000. Golden State Wealth Management LLC raised its position in shares of CBRE Group by 687.1% in 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 during the period. Quarry LP raised its position in shares of 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 period. Finally, Accredited Wealth Management LLC raised its position in shares of CBRE Group by 338.7% in 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 during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Up 0.4%

Shares of NYSE CBRE opened at $152.32 on Friday. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $167.56. The company has a market cap of $45.32 billion, a P/E ratio of 42.67 and a beta of 1.36. 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 fifty day moving average price of $159.50 and a 200 day moving average price of $140.59.

CBRE Group (NYSE:CBRE) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The company had revenue of $9.75 billion during the quarter, compared to the consensus estimate 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. Research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday. Morgan Stanley increased their target price on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday. UBS Group increased their price target on CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. 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. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a report on Thursday. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.67.

Insider Activity

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the firm’s stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at $4,151,020.29. This trade represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 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 represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,494 shares of company stock worth $857,593 over the last ninety days. Corporate insiders own 0.42% of the company’s stock.

CBRE Group 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.