Massachusetts Financial Services Co. MA Has $704.61 Million Stock Position in CBRE Group, Inc. $CBRE

Massachusetts Financial Services Co. MA lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 13.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,472,013 shares of the financial services provider’s stock after purchasing an additional 532,151 shares during the period. Massachusetts Financial Services Co. MA’s holdings in CBRE Group were worth $704,610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Obermeyer Wealth Partners raised its position in CBRE Group by 2.8% during the second quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 66 shares in the last quarter. NewSquare Capital LLC increased its stake in shares of 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 during the last quarter. Fidelis Capital Partners LLC increased its stake in shares of 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 worth $601,000 after purchasing an additional 69 shares during the last quarter. Advisors Capital Management LLC raised its holdings in shares of CBRE Group by 4.0% in the 2nd 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 during the period. Finally, Evergreen Capital Management LLC lifted its stake in CBRE Group by 3.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 75 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CBRE shares. Barclays boosted their price target on CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. UBS Group raised their price target on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Morgan Stanley lifted their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.14.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $171.81 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. The firm has a market cap of $51.13 billion, a price-to-earnings ratio of 42.42 and a beta of 1.34. The stock’s fifty day moving average price is $160.53 and its two-hundred day moving average price is $157.03. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $173.05.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.11 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. CBRE Group’s quarterly revenue was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, equities analysts forecast 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.