CBRE Group, Inc. $CBRE Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 314.6% during the third quarter, HoldingsChannel reports. The fund owned 15,380 shares of the financial services provider’s stock after buying an additional 11,670 shares during the period. Exchange Traded Concepts LLC’s holdings in CBRE Group were worth $2,423,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after purchasing an additional 11,065 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in CBRE Group by 10.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 18,905 shares of the financial services provider’s stock valued at $2,472,000 after buying an additional 1,821 shares during the last quarter. Jump Financial LLC acquired a new position in CBRE Group in the first quarter valued at about $728,000. Walleye Capital LLC boosted its stake in CBRE Group by 53.2% during the first quarter. Walleye Capital LLC now owns 3,167 shares of the financial services provider’s stock worth $414,000 after buying an additional 1,100 shares during the period. Finally, Ieq Capital LLC increased its position in shares of CBRE Group by 12.7% during the first quarter. Ieq Capital LLC now owns 69,171 shares of the financial services provider’s stock valued at $9,046,000 after acquiring an additional 7,769 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Up 0.6%

CBRE opened at $164.86 on Friday. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $171.00. The stock has a market capitalization of $49.06 billion, a price-to-earnings ratio of 40.70 and a beta of 1.33. 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 business has a fifty day moving average price of $157.78 and a 200 day moving average price of $153.50.

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, beating analysts’ consensus estimates of $1.46 by $0.15. The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.CBRE Group’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CBRE has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Barclays assumed coverage on CBRE Group in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 target price on the stock. Keefe, Bruyette & Woods raised CBRE Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $168.00 to $185.00 in a research note on Monday, December 15th. Morgan Stanley boosted their price objective on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Finally, UBS Group increased 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. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.25.

CBRE Group Company 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.