CBRE Group, Inc. $CBRE Position Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 518,600 shares of the financial services provider’s stock after selling 3,204 shares during the period. New York State Common Retirement Fund owned about 0.17% of CBRE Group worth $72,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. WPG Advisers LLC acquired a new position in CBRE Group in the first quarter worth approximately $26,000. Evelyn Partners Asset Management Ltd bought a new stake in shares of CBRE Group during the 2nd quarter worth $32,000. NewSquare Capital LLC grew its holdings in shares of CBRE Group by 40.7% in the 2nd 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. Quarry LP raised its position in shares of CBRE Group by 97.4% during the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 147 shares during the period. Finally, Accredited Wealth Management LLC raised its position in shares of CBRE Group by 338.7% during the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 254 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Price Performance

NYSE CBRE opened at $161.73 on Friday. 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 capitalization of $48.13 billion, a price-to-earnings ratio of 39.93 and a beta of 1.39. The company has a 50 day simple moving average of $156.00 and a 200-day simple moving average of $149.06. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $171.00.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $10.11 billion. During the same quarter in the prior year, the business earned $1.20 EPS. The company’s revenue for the quarter 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 research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. UBS Group increased 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, October 24th. JPMorgan Chase & Co. raised their target price on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Evercore ISI upped their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $173.38.

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.