CW Advisors LLC Invests $985,000 in CBRE Group, Inc. $CBRE

CW Advisors LLC bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,025 shares of the financial services provider’s stock, valued at approximately $985,000.

Several other large investors have also added to or reduced their stakes in the business. Obermeyer Wealth Partners lifted its stake in CBRE Group by 2.8% in the second quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock valued at $341,000 after buying an additional 66 shares during the period. NewSquare Capital LLC grew its position in shares of CBRE Group by 40.7% during 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 during the period. Fidelis Capital Partners LLC increased its stake in shares of CBRE Group by 1.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 4,292 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 69 shares in the last quarter. Advisors Capital Management LLC lifted its position in shares of CBRE Group by 4.0% during the 2nd 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 during the period. Finally, Moody National Bank Trust Division lifted its position in shares of CBRE Group by 4.2% during the 2nd 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 during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Morgan Stanley upped 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. Evercore ISI raised their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Finally, UBS Group lifted their target price on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.13.

CBRE Group Trading Down 3.5%

Shares of CBRE opened at $155.25 on Tuesday. The firm’s 50-day moving average price is $156.05 and its 200-day moving average price is $150.59. 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 has a market capitalization of $46.20 billion, a price-to-earnings ratio of 38.33 and a beta of 1.33. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.15. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The company had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.11 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The firm’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. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current 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.