Raiffeisen Bank International AG Decreases Holdings in CBRE Group, Inc. $CBRE

Raiffeisen Bank International AG reduced its position in CBRE Group, Inc. (NYSE:CBRE) by 7.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,226 shares of the financial services provider’s stock after selling 5,468 shares during the period. Raiffeisen Bank International AG’s holdings in CBRE Group were worth $9,766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBRE. Brighton Jones LLC increased its position in shares of CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after buying an additional 11,065 shares in the last quarter. Sigma Planning Corp grew its stake in CBRE Group by 7.8% in the 1st quarter. Sigma Planning Corp now owns 2,123 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 153 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in CBRE Group in the 1st quarter valued at about $486,000. Teachers Retirement System of The State of Kentucky increased its holdings in CBRE Group by 4.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 23,205 shares of the financial services provider’s stock valued at $3,035,000 after acquiring an additional 950 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in CBRE Group by 44.6% during the first quarter. Lindbrook Capital LLC now owns 2,566 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 792 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBRE has been the topic of several research reports. Raymond James Financial increased their price target on shares of CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Morgan Stanley increased their target price on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, Evercore ISI upped their price objective on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.89.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $149.39 on Tuesday. The company has a market cap of $44.46 billion, a P/E ratio of 36.89 and a beta of 1.39. The business has a fifty day simple moving average of $157.21 and a 200-day simple moving average of $147.30. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $171.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49.

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 the consensus estimate of $1.46 by $0.15. The firm had revenue of $10.26 billion for 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 firm’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 business posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

CBRE Group 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.