Financial Consulate Inc. Invests $545,000 in CBRE Group, Inc. $CBRE

Financial Consulate Inc. bought a new stake in CBRE Group, Inc. (NYSE:CBRE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,462 shares of the financial services provider’s stock, valued at approximately $545,000.

Other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC lifted its position in CBRE Group by 67.5% in the third quarter. Salomon & Ludwin LLC now owns 350 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 141 shares during the last quarter. E&G Advisors LP purchased a new position in shares of CBRE Group in the third quarter worth $221,000. Smith Salley Wealth Management raised its holdings in CBRE Group by 135.9% during the 3rd quarter. Smith Salley Wealth Management now owns 10,052 shares of the financial services provider’s stock valued at $1,584,000 after buying an additional 5,790 shares during the last quarter. Ascent Group LLC boosted its position in CBRE Group by 16.7% during the 3rd quarter. Ascent Group LLC now owns 4,861 shares of the financial services provider’s stock valued at $766,000 after buying an additional 695 shares during the period. Finally, Everpar Advisors LLC bought a new stake in CBRE Group in the 3rd quarter worth $236,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Down 1.5%

Shares of NYSE:CBRE opened at $160.79 on Friday. The firm has a market capitalization of $47.85 billion, a P/E ratio of 39.70 and a beta of 1.34. 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 stock has a 50 day moving average price of $157.93 and a 200-day moving average price of $154.54. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $171.00.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.15. The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CBRE. UBS Group upped their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Keefe, Bruyette & Woods raised CBRE Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $168.00 to $185.00 in a research report on Monday, December 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Barclays started 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. Finally, Morgan Stanley raised 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.86.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.