CBRE Group, Inc. $CBRE Stock Position Increased by M.D. Sass LLC

M.D. Sass LLC boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 396,569 shares of the financial services provider’s stock after buying an additional 19,152 shares during the quarter. CBRE Group accounts for approximately 4.4% of M.D. Sass LLC’s investment portfolio, making the stock its 15th largest position. M.D. Sass LLC’s holdings in CBRE Group were worth $55,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. WPG Advisers LLC acquired a new stake in CBRE Group in the 1st quarter valued at about $26,000. Evelyn Partners Asset Management Ltd bought a new stake in shares of CBRE Group in the 2nd quarter worth approximately $32,000. NewSquare Capital LLC lifted its stake in CBRE Group by 40.7% during the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 68 shares during the last quarter. Quarry LP lifted its stake in CBRE Group by 97.4% during the first 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 last quarter. Finally, Accredited Wealth Management LLC boosted its holdings in CBRE Group by 338.7% during the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock worth $43,000 after buying an additional 254 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on CBRE shares. Keefe, Bruyette & Woods upped their price target on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. 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. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. JPMorgan Chase & Co. lifted their target price on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Finally, 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 research report on Tuesday, October 7th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $173.38.

CBRE Group Trading Down 0.3%

NYSE:CBRE opened at $161.73 on Monday. The stock has a market cap of $48.13 billion, a PE ratio of 39.93 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $156.00 and its two-hundred day moving average is $149.20.

CBRE Group (NYSE:CBRE) last posted its quarterly 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 analyst estimates of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 forecast 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.