Corient Private Wealth LLC Trims Stock Holdings in CBRE Group, Inc. $CBRE

Corient Private Wealth LLC lessened its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 168,130 shares of the financial services provider’s stock after selling 5,050 shares during the quarter. Corient Private Wealth LLC owned 0.06% of CBRE Group worth $23,558,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Obermeyer Wealth Partners lifted its holdings in shares of CBRE Group by 2.8% during the second 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 during the period. NewSquare Capital LLC increased its holdings in CBRE Group by 40.7% in 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 raised its position in CBRE Group by 1.6% during the 2nd 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 lifted its stake in 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, Evergreen Capital Management LLC lifted its stake in CBRE Group by 3.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 75 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Down 0.3%

CBRE stock opened at $160.16 on Thursday. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $171.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $156.64 and a 200-day simple moving average of $152.15. The stock has a market capitalization of $47.66 billion, a P/E ratio of 39.54 and a beta of 1.33.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) 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 analysts’ expectations of $10.11 billion. During the same period in the previous year, the firm posted $1.20 EPS. CBRE Group’s 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. Equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of CBRE Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $168.00 to $185.00 in a research note on Monday. Morgan Stanley upped their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report 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 note on Friday, October 24th. Evercore ISI upped their target price on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Finally, Barclays initiated coverage on CBRE Group in a report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average target price of $177.25.

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.