Impax Asset Management Group plc Boosts Holdings in CBRE Group, Inc. $CBRE

Impax Asset Management Group plc lifted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 69.7% in the second quarter, HoldingsChannel reports. The firm owned 8,377 shares of the financial services provider’s stock after buying an additional 3,440 shares during the quarter. Impax Asset Management Group plc’s holdings in CBRE Group were worth $1,174,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CBRE. WPG Advisers LLC purchased a new position in CBRE Group in the 1st quarter valued at approximately $26,000. NewSquare Capital LLC raised its stake in shares of CBRE Group by 40.7% in the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 68 shares in the last quarter. Quarry LP raised its stake in shares of CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 147 shares in the last quarter. Accredited Wealth Management LLC boosted its holdings 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 purchasing an additional 254 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new position in CBRE Group during the 1st quarter worth $56,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of analyst reports. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. JPMorgan Chase & Co. boosted their price target 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. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. 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. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.89.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $153.57 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $171.00. The firm’s 50 day moving average is $157.49 and its two-hundred day moving average is $146.77. The firm has a market capitalization of $45.70 billion, a P/E ratio of 37.92 and a beta of 1.39.

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