CBRE Group, Inc. $CBRE Shares Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division raised its position in CBRE Group, Inc. (NYSE:CBRE) by 59.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,325 shares of the financial services provider’s stock after acquiring an additional 5,700 shares during the quarter. Central Pacific Bank Trust Division’s holdings in CBRE Group were worth $2,415,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CBRE. GAMMA Investing LLC boosted its stake in shares of CBRE Group by 14.2% in the third quarter. GAMMA Investing LLC now owns 12,846 shares of the financial services provider’s stock valued at $2,024,000 after purchasing an additional 1,598 shares during the period. Praxis Investment Management Inc. boosted its position in CBRE Group by 23.3% in the 3rd quarter. Praxis Investment Management Inc. now owns 9,087 shares of the financial services provider’s stock valued at $1,432,000 after buying an additional 1,717 shares during the last quarter. Valeo Financial Advisors LLC boosted its position in CBRE Group by 14.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,545 shares of the financial services provider’s stock valued at $357,000 after buying an additional 328 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in shares of CBRE Group by 1.6% during the second quarter. Orion Porfolio Solutions LLC now owns 22,480 shares of the financial services provider’s stock worth $3,150,000 after acquiring an additional 346 shares during the last quarter. Finally, MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of CBRE Group during the second quarter worth about $2,706,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore ISI increased their price target on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Barclays began coverage on shares of CBRE Group in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised shares of CBRE Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $168.00 to $185.00 in a report on Monday. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $177.25.

CBRE Group Stock Performance

CBRE stock opened at $158.84 on Tuesday. The stock’s 50 day simple moving average is $156.30 and its 200 day simple moving average is $151.84. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $171.00. The firm has a market cap of $47.27 billion, a P/E ratio of 39.22 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49.

CBRE Group (NYSE:CBRE) last released its 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 firm 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 for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous 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 predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

CBRE Group Profile

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.