Friedenthal Financial Acquires New Shares in CBRE Group, Inc. $CBRE

Friedenthal Financial bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the 3rd quarter, HoldingsChannel reports. The firm bought 6,555 shares of the financial services provider’s stock, valued at approximately $1,033,000.

A number of other large investors have also recently made changes to their positions in CBRE. KBC Group NV lifted its holdings in shares of CBRE Group by 4.4% in the second quarter. KBC Group NV now owns 248,956 shares of the financial services provider’s stock worth $34,883,000 after buying an additional 10,438 shares in the last quarter. Choreo LLC increased its holdings in CBRE Group by 42.0% during the 2nd quarter. Choreo LLC now owns 10,129 shares of the financial services provider’s stock worth $1,419,000 after acquiring an additional 2,995 shares during the period. Intech Investment Management LLC lifted its stake in CBRE Group by 154.6% in the 2nd quarter. Intech Investment Management LLC now owns 330,617 shares of the financial services provider’s stock worth $46,326,000 after purchasing an additional 200,772 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in CBRE Group by 57.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 829,150 shares of the financial services provider’s stock valued at $116,180,000 after purchasing an additional 301,980 shares during the period. Finally, CW Advisors LLC bought a new position in CBRE Group in the 2nd quarter valued at $985,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Price Performance

CBRE opened at $163.85 on Wednesday. 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 stock has a market capitalization of $48.76 billion, a P/E ratio of 40.46 and a beta of 1.33. The stock has a 50-day moving average price of $157.44 and a 200-day moving average price of $153.34. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month 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 for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. The company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.CBRE Group’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CBRE has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. UBS Group upped their target price on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Morgan Stanley raised their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Barclays began coverage on CBRE Group in a report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective 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. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $177.25.

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.