Robeco Institutional Asset Management B.V. Grows Position in CBRE Group, Inc. $CBRE

Robeco Institutional Asset Management B.V. raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 1.6% in the third quarter, HoldingsChannel.com reports. The fund owned 2,438,061 shares of the financial services provider’s stock after purchasing an additional 38,887 shares during the quarter. CBRE Group comprises approximately 0.6% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 28th biggest position. Robeco Institutional Asset Management B.V.’s holdings in CBRE Group were worth $384,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in CBRE. Twin Peaks Wealth Advisors LLC purchased a new stake in CBRE Group during the 2nd quarter worth about $30,000. Evelyn Partners Asset Management Ltd purchased a new position in shares of CBRE Group during the second quarter valued at approximately $32,000. NewSquare Capital LLC boosted its position 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 last quarter. Salomon & Ludwin LLC grew its stake in CBRE Group by 67.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 350 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 141 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of CBRE Group by 67.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CBRE shares. Keefe, Bruyette & Woods raised CBRE Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $168.00 to $185.00 in a research report on Monday, December 15th. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Morgan Stanley upped their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Barclays started coverage on shares of CBRE Group in a report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 price objective on the stock. Finally, UBS Group boosted their target price 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. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $180.86.

CBRE Group Stock Up 2.6%

Shares of NYSE:CBRE opened at $164.37 on Tuesday. The stock has a 50-day simple moving average of $157.93 and a 200-day simple moving average of $155.25. The stock has a market capitalization of $48.91 billion, a P/E ratio of 40.58 and a beta of 1.34. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $171.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share 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 firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.11 billion. During the same period in the previous year, the company posted $1.20 earnings per share. CBRE Group’s 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. Equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

About CBRE Group

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.