Handelsbanken Fonder AB Acquires 26,792 Shares of CBRE Group, Inc. $CBRE

Handelsbanken Fonder AB raised its holdings in CBRE Group, Inc. (NYSE:CBRE) by 80.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 59,994 shares of the financial services provider’s stock after buying an additional 26,792 shares during the period. Handelsbanken Fonder AB’s holdings in CBRE Group were worth $8,406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WPG Advisers LLC purchased a new stake in shares of CBRE Group during the first quarter valued at $26,000. NewSquare Capital LLC boosted its position in CBRE Group by 40.7% in the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after buying an additional 68 shares during the period. Quarry LP grew its stake in CBRE Group by 97.4% in the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 147 shares in the last quarter. Accredited Wealth Management LLC increased 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 acquiring an additional 254 shares during the period. Finally, Zions Bancorporation National Association UT bought a new stake in shares of CBRE Group during the first quarter valued at approximately $56,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CBRE. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods increased their price target on CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. Evercore ISI raised their price target on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Morgan Stanley upped their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Finally, UBS Group raised their target price on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company 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 $156.91 on Monday. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week 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. The company has a market cap of $46.70 billion, a PE ratio of 38.74 and a beta of 1.39. The business has a 50-day simple moving average of $156.32 and a two-hundred day simple moving average of $148.06.

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 company had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. CBRE Group’s revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

CBRE Group Company 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.