Bamco Inc. NY Has $196.43 Million Stock Holdings in CBRE Group, Inc. $CBRE

Bamco Inc. NY raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,401,833 shares of the financial services provider’s stock after acquiring an additional 38,888 shares during the quarter. Bamco Inc. NY owned approximately 0.47% of CBRE Group worth $196,425,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. WPG Advisers LLC acquired a new stake in CBRE Group in the first quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of CBRE Group in the second quarter valued at about $30,000. Evelyn Partners Asset Management Ltd bought a new position in shares of CBRE Group during the second quarter worth about $32,000. NewSquare Capital LLC boosted its holdings in CBRE Group by 40.7% in the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 68 shares during the last quarter. Finally, Quarry LP increased its position 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. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 0.6%

NYSE:CBRE opened at $159.55 on Friday. The firm has a market cap of $47.48 billion, a price-to-earnings ratio of 39.39 and a beta of 1.33. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $171.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50-day moving average price of $156.19 and a two-hundred day moving average price of $151.21.

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, topping analysts’ consensus estimates of $1.46 by $0.15. The business had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, equities analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. upped their price target on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Evercore ISI boosted their price objective on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Barclays assumed coverage on CBRE Group in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 target price for the company. Finally, Keefe, Bruyette & Woods boosted their price target on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. Seven research 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 company has a consensus rating of “Moderate Buy” and an average price target 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.