CBRE Group (NYSE:CBRE) Posts Earnings Results, Beats Expectations By $0.15 EPS

CBRE Group (NYSE:CBRE) posted its earnings results on Thursday. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15, Zacks reports. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The business had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.11 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. CBRE Group updated its FY 2025 guidance to 6.250-6.350 EPS.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $163.28 on Friday. The business’s 50 day simple moving average is $159.91 and its 200-day simple moving average is $142.97. The firm has a market capitalization of $48.58 billion, a price-to-earnings ratio of 40.32 and a beta of 1.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group has a 12 month low of $108.45 and a 12 month high of $171.00.

Insider Transactions at CBRE Group

In other news, CAO Lindsey S. Caplan sold 1,494 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the sale, the chief accounting officer owned 26,717 shares of the company’s stock, valued at $4,151,020.29. The trade was a 5.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the sale, the chief executive officer directly owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,494 shares of company stock valued at $857,593 in the last quarter. 0.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CBRE. Park Presidio Capital LLC lifted its stake in shares of CBRE Group by 149.1% during the 2nd quarter. Park Presidio Capital LLC now owns 426,625 shares of the financial services provider’s stock worth $59,779,000 after purchasing an additional 255,359 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of CBRE Group by 37.8% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 247,414 shares of the financial services provider’s stock worth $34,668,000 after buying an additional 67,899 shares during the last quarter. Holocene Advisors LP acquired a new stake in shares of CBRE Group during the 2nd quarter worth $6,479,000. Treasurer of the State of North Carolina increased its holdings in shares of CBRE Group by 19.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 208,717 shares of the financial services provider’s stock worth $29,245,000 after buying an additional 34,673 shares during the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of CBRE Group by 162.1% during the 2nd quarter. Vident Advisory LLC now owns 43,943 shares of the financial services provider’s stock worth $6,157,000 after buying an additional 27,179 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

CBRE has been the topic of several recent research reports. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. UBS Group boosted their price target on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley boosted their target price on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Raymond James Financial boosted their target price on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.89.

CBRE Group Company 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.