CW Advisors LLC Acquires New Shares in CBRE Group, Inc. $CBRE

CW Advisors LLC purchased a new position in CBRE Group, Inc. (NYSE:CBRE) in the second quarter, Holdings Channel.com reports. The firm purchased 7,025 shares of the financial services provider’s stock, valued at approximately $985,000.

Several other hedge funds have also recently made changes to their positions in the stock. Obermeyer Wealth Partners boosted its holdings in CBRE Group by 2.8% in 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 last quarter. NewSquare Capital LLC lifted its holdings in shares of CBRE Group by 40.7% during the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after buying an additional 68 shares during the period. Fidelis Capital Partners LLC boosted its stake in shares of CBRE Group by 1.6% in 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 grew its holdings in shares of CBRE Group by 4.0% in the second quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider’s stock worth $264,000 after acquiring an additional 73 shares during the period. Finally, Moody National Bank Trust Division increased its position in CBRE Group by 4.2% during the second quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 76 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Down 3.5%

CBRE opened at $155.25 on Tuesday. The stock has a market cap of $46.20 billion, a price-to-earnings ratio of 38.33 and a beta of 1.33. 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 firm’s fifty day moving average is $156.05 and its 200 day moving average is $150.59. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00.

CBRE Group (NYSE:CBRE) last issued 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. 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 during the quarter, compared to analyst estimates of $10.11 billion. During the same quarter in the prior year, the business posted $1.20 EPS. CBRE Group’s revenue for the quarter 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. On average, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Evercore ISI raised their price objective 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. Morgan Stanley upped their target price 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. JPMorgan Chase & Co. lifted their price target on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Finally, UBS Group upped their price objective on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.13.

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.