CBRE Group, Inc. $CBRE Stake Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 51.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,771,564 shares of the financial services provider’s stock after selling 1,857,381 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CBRE Group were worth $277,356,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Obermeyer Wealth Partners lifted its position in shares of CBRE Group by 2.8% in the 2nd quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 66 shares in the last quarter. NewSquare Capital LLC grew its position in CBRE Group by 40.7% during the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 68 shares in the last quarter. Fidelis Capital Partners LLC raised its stake in CBRE Group by 1.6% during the 2nd quarter. Fidelis Capital Partners LLC now owns 4,292 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 69 shares during the period. Advisors Capital Management LLC lifted 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 valued at $264,000 after purchasing an additional 73 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its position in shares of CBRE Group by 3.6% in the second quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider’s stock worth $306,000 after buying an additional 75 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CBRE shares. Barclays initiated coverage on CBRE Group in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 target price on the stock. Keefe, Bruyette & Woods upgraded CBRE Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $168.00 to $185.00 in a report on Monday, December 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. UBS Group boosted their target price on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Morgan Stanley increased their price target on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $177.25.

CBRE Group Price Performance

Shares of CBRE stock opened at $163.18 on Wednesday. The stock has a 50-day moving average price of $158.06 and a 200 day moving average price of $154.45. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. The firm has a market cap of $48.56 billion, a price-to-earnings ratio of 40.29 and a beta of 1.33. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $171.00.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.