CBRE Group, Inc. $CBRE Stake Boosted by M.D. Sass LLC

M.D. Sass LLC boosted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,569 shares of the financial services provider’s stock after purchasing an additional 19,152 shares during the quarter. CBRE Group makes up about 4.4% of M.D. Sass LLC’s investment portfolio, making the stock its 15th largest holding. M.D. Sass LLC owned about 0.13% of CBRE Group worth $55,567,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CBRE. WPG Advisers LLC bought a new position in shares of CBRE Group in the 1st quarter worth about $26,000. Evelyn Partners Asset Management Ltd acquired a new stake in CBRE Group during the second quarter worth about $32,000. NewSquare Capital LLC raised its stake in CBRE Group by 40.7% during the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 68 shares during the period. Quarry LP lifted its holdings in CBRE Group by 97.4% in 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. Finally, Accredited Wealth Management LLC boosted its stake in CBRE Group by 338.7% in the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 254 shares during the period. Institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. UBS Group boosted their price target on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, Evercore ISI upped their price target on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus target price of $173.38.

CBRE Group Stock Down 0.3%

Shares of CBRE Group stock opened at $161.73 on Monday. 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, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00. The business’s fifty day moving average price is $156.00 and its two-hundred day moving average price is $149.20. The company has a market capitalization of $48.13 billion, a P/E ratio of 39.93 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. During the same period last year, the company earned $1.20 earnings per share. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

About CBRE Group

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.