CBRE Group, Inc. $CBRE Position Lessened by Ariel Investments LLC

Ariel Investments LLC lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 19.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,336 shares of the financial services provider’s stock after selling 55,013 shares during the quarter. Ariel Investments LLC owned approximately 0.08% of CBRE Group worth $32,695,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CBRE. WPG Advisers LLC acquired a new position in shares of CBRE Group during the first quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of CBRE Group in the 2nd quarter worth about $30,000. Evelyn Partners Asset Management Ltd bought a new stake in CBRE Group in the 2nd quarter valued at about $32,000. NewSquare Capital LLC boosted its stake in CBRE Group by 40.7% during the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 68 shares during the period. Finally, Quarry LP boosted its stake in 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 purchasing an additional 147 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $155.95 on Wednesday. The stock has a market cap of $46.41 billion, a price-to-earnings ratio of 38.51 and a beta of 1.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $171.00. The stock’s 50 day moving average price is $156.02 and its 200 day moving average price is $150.84.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $10.11 billion. During the same period last year, the firm earned $1.20 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on CBRE. JPMorgan Chase & Co. raised their price target 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. Evercore ISI increased their price objective on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Barclays initiated coverage on CBRE Group in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 target price on the stock. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Finally, Morgan Stanley increased 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. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.13.

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.