CBRE Group, Inc. $CBRE Stake Raised by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 24.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 590,329 shares of the financial services provider’s stock after acquiring an additional 117,688 shares during the quarter. American Century Companies Inc. owned 0.20% of CBRE Group worth $82,717,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of CBRE Group during the first quarter worth approximately $26,000. Evelyn Partners Asset Management Ltd acquired a new position in CBRE Group in the 2nd quarter valued at approximately $32,000. NewSquare Capital LLC lifted its position in CBRE Group by 40.7% in the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after buying an additional 68 shares in the last quarter. Quarry LP boosted its stake in shares of CBRE Group by 97.4% during the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after buying an additional 147 shares during the period. Finally, Accredited Wealth Management LLC boosted its stake in shares of CBRE Group by 338.7% during the 1st quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after buying an additional 254 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

NYSE CBRE opened at $162.22 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The company has a fifty day simple moving average of $156.16 and a 200 day simple moving average of $148.54. The company has a market cap of $48.27 billion, a P/E ratio of 40.05 and a beta of 1.39. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $171.00.

CBRE Group (NYSE:CBRE) last announced 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 for the quarter, compared to the consensus estimate of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

CBRE has been the topic of a number of research reports. UBS Group upped their price target on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Morgan Stanley raised their price target on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Evercore ISI boosted their price target on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.38.

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.