Verdence Capital Advisors LLC Acquires 32,196 Shares of CBRE Group, Inc. $CBRE

Verdence Capital Advisors LLC boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 395.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,329 shares of the financial services provider’s stock after acquiring an additional 32,196 shares during the quarter. Verdence Capital Advisors LLC’s holdings in CBRE Group were worth $5,651,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CBRE. WPG Advisers LLC bought a new stake in CBRE Group during the 1st quarter worth approximately $26,000. Hughes Financial Services LLC bought a new stake in CBRE Group during the 1st quarter worth approximately $28,000. Golden State Wealth Management LLC grew its holdings in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 213 shares during the last quarter. Quarry LP boosted its stake 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 valued at $39,000 after purchasing an additional 147 shares during the last quarter. Finally, Accredited Wealth Management LLC boosted its stake 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 valued at $43,000 after purchasing an additional 254 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 1.3%

CBRE Group stock opened at $150.44 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $167.56. The firm’s fifty day moving average is $159.43 and its 200 day moving average is $140.82. The company has a market capitalization of $44.76 billion, a PE ratio of 42.14 and a beta of 1.36.

CBRE Group (NYSE:CBRE) last released its earnings results 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. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The company had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of the company’s stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the transaction, the chief accounting officer owned 26,717 shares in the company, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,494 shares of company stock worth $857,593 in the last quarter. Company insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of analyst reports. Raymond James Financial upped their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. UBS Group upped their price objective on shares of CBRE Group from $146.00 to $165.00 and gave the company a “neutral” rating in a research note on Friday. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.78.

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.