Norges Bank Takes Position in CBRE Group, Inc. $CBRE

Norges Bank acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,886,343 shares of the financial services provider’s stock, valued at approximately $544,554,000. Norges Bank owned approximately 1.31% of CBRE Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBRE. WPG Advisers LLC bought a new stake in shares of CBRE Group in the first quarter worth about $26,000. Evelyn Partners Asset Management Ltd bought a new stake in CBRE Group during the 2nd quarter worth approximately $32,000. NewSquare Capital LLC raised its holdings in CBRE Group by 40.7% during 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. Quarry LP lifted its stake in CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after buying an additional 147 shares in the last quarter. Finally, Accredited Wealth Management LLC boosted its holdings in shares of CBRE Group by 338.7% in the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after buying an additional 254 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CBRE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. lifted their price target on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Morgan Stanley increased their price objective on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Finally, Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.38.

CBRE Group Trading Down 0.3%

CBRE Group stock opened at $161.73 on Friday. The company has a market cap of $48.13 billion, a price-to-earnings ratio of 39.93 and a beta of 1.39. The firm has a 50-day moving average of $156.00 and a 200-day moving average of $149.06. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $171.00.

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 analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.11 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. CBRE Group’s quarterly revenue was up 13.5% on a year-over-year basis. 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.

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.