Balyasny Asset Management L.P. Acquires 301,980 Shares of CBRE Group, Inc. $CBRE

Balyasny Asset Management L.P. boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 57.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 829,150 shares of the financial services provider’s stock after purchasing an additional 301,980 shares during the period. Balyasny Asset Management L.P. owned about 0.28% of CBRE Group worth $116,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Obermeyer Wealth Partners grew its position in shares of CBRE Group by 2.8% in the 2nd quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock worth $341,000 after buying an additional 66 shares during the last quarter. NewSquare Capital LLC lifted its stake in CBRE Group by 40.7% in the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 68 shares during the period. Fidelis Capital Partners LLC boosted 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 valued at $601,000 after acquiring an additional 69 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in CBRE Group by 4.0% in 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 increased its position in 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 purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE opened at $159.55 on Friday. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00. The firm’s 50-day simple moving average is $156.19 and its two-hundred day simple moving average is $151.21. The stock has a market cap of $47.48 billion, a PE ratio of 39.39 and a beta of 1.33. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last released its 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 net margin of 3.12% and a return on equity of 20.55%. The firm had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.11 billion. The business’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. 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.

Analyst Ratings Changes

Several equities research analysts have recently commented on CBRE shares. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Morgan Stanley increased their price target on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. UBS Group lifted their price objective on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Keefe, Bruyette & Woods upped their target price on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. increased their target price on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $175.13.

CBRE Group Company Profile

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.