CBRE Group, Inc. $CBRE Position Lessened by 1832 Asset Management L.P.

1832 Asset Management L.P. trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 32.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,155 shares of the financial services provider’s stock after selling 56,820 shares during the period. 1832 Asset Management L.P.’s holdings in CBRE Group were worth $16,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Obermeyer Wealth Partners raised its stake in shares of CBRE Group by 2.8% during the 2nd quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 66 shares in the last quarter. NewSquare Capital LLC grew its stake in shares of CBRE Group by 40.7% in the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after buying an additional 68 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in CBRE Group by 1.6% in the second quarter. Fidelis Capital Partners LLC now owns 4,292 shares of the financial services provider’s stock worth $601,000 after buying an additional 69 shares during the last quarter. Advisors Capital Management LLC raised its position in CBRE Group by 4.0% during the second quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 73 shares in the last quarter. Finally, Moody National Bank Trust Division raised its position in CBRE Group by 4.2% during the second quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 0.6%

Shares of CBRE stock opened at $161.29 on Friday. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $171.00. The firm has a market capitalization of $48.00 billion, a P/E ratio of 39.83 and a beta of 1.33. 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 firm’s fifty day moving average price is $156.07 and its two-hundred day moving average price is $149.77.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating 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%.The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on CBRE shares. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. lifted 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. UBS Group upped their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Morgan Stanley raised their target price on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, Barclays began coverage on CBRE Group in a research report on Tuesday. They issued an “overweight” rating and a $190.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and an average target price of $175.22.

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.