CBRE Group, Inc. $CBRE Shares Sold by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 50.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,785 shares of the financial services provider’s stock after selling 16,025 shares during the period. TriaGen Wealth Management LLC’s holdings in CBRE Group were worth $2,487,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after purchasing an additional 11,065 shares during the period. Quarry LP grew its position in shares of CBRE Group by 97.4% during the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 147 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in shares of CBRE Group by 9.8% in the 1st quarter. EP Wealth Advisors LLC now owns 3,293 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 295 shares during the period. Gotham Asset Management LLC lifted its position in CBRE Group by 526.0% in the 1st quarter. Gotham Asset Management LLC now owns 93,911 shares of the financial services provider’s stock valued at $12,282,000 after purchasing an additional 78,910 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CBRE Group by 0.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 54,887 shares of the financial services provider’s stock valued at $7,178,000 after purchasing an additional 446 shares during the period. 98.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barclays assumed coverage on CBRE Group in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 price objective for the company. 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. Keefe, Bruyette & Woods raised shares of CBRE Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $168.00 to $185.00 in a report on Monday, December 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Finally, UBS Group upped their price target on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.86.

CBRE Group Stock Performance

NYSE:CBRE opened at $160.16 on Monday. The company has a 50-day moving average of $157.87 and a 200-day moving average of $155.03. The firm has a market cap of $47.66 billion, a price-to-earnings ratio of 39.55 and a beta of 1.34. 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, Inc. has a twelve month low of $108.45 and a twelve 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 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. The business 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 business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.