AGF Management Ltd. Sells 4,214 Shares of CBRE Group, Inc. $CBRE

AGF Management Ltd. decreased its position in CBRE Group, Inc. (NYSE:CBRE) by 27.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,416 shares of the financial services provider’s stock after selling 4,214 shares during the period. AGF Management Ltd.’s holdings in CBRE Group were worth $1,600,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CBRE. Advisors Capital Management LLC acquired a new position in shares of CBRE Group in the 1st quarter worth approximately $237,000. LPL Financial LLC boosted its stake in CBRE Group by 31.4% in the 1st quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock valued at $12,005,000 after buying an additional 21,934 shares in the last quarter. Smith Salley Wealth Management grew its position in CBRE Group by 64.0% in the second quarter. Smith Salley Wealth Management now owns 4,262 shares of the financial services provider’s stock valued at $597,000 after acquiring an additional 1,664 shares during the period. Kathmere Capital Management LLC raised its stake 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 worth $459,000 after acquiring an additional 1,624 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its holdings in shares of CBRE Group by 4.9% during the second quarter. Resona Asset Management Co. Ltd. now owns 159,842 shares of the financial services provider’s stock valued at $22,363,000 after acquiring an additional 7,416 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CBRE. Evercore ISI upped their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Morgan Stanley increased their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. UBS Group boosted their price objective on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Raymond James Financial boosted their price target 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.89.

CBRE Group Price Performance

NYSE CBRE opened at $154.96 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $46.12 billion, a price-to-earnings ratio of 38.26 and a beta of 1.39. The business has a 50 day simple moving average of $157.95 and a 200 day simple moving average of $146.44. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $171.00.

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

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.