Donoghue Forlines LLC Acquires New Shares in CBRE Group, Inc. $CBRE

Donoghue Forlines LLC purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,353 shares of the financial services provider’s stock, valued at approximately $2,104,000.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after buying an additional 11,065 shares during the last quarter. Woodline Partners LP grew its holdings in shares of CBRE Group by 38.2% during the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock valued at $3,266,000 after acquiring an additional 6,908 shares in the last quarter. Geneos Wealth Management Inc. increased its position in CBRE Group by 67.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 179 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in CBRE Group by 11.5% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 38,361 shares of the financial services provider’s stock valued at $5,375,000 after acquiring an additional 3,968 shares during the last quarter. Finally, Wedmont Private Capital increased its position in CBRE Group by 2.7% during the second quarter. Wedmont Private Capital now owns 4,138 shares of the financial services provider’s stock worth $578,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE opened at $171.81 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $160.53 and its 200 day simple moving average is $156.93. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $173.05. The company has a market cap of $51.13 billion, a price-to-earnings ratio of 42.42 and a beta of 1.34.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. The business 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on CBRE. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. UBS Group raised their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Morgan Stanley lifted their price objective on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Barclays raised their price target on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday. Seven 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 currently has an average rating of “Moderate Buy” and an average target price of $182.14.

CBRE Group Profile

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.