Sfmg LLC Sells 42,000 Shares of CBRE Group, Inc. $CBRE

Sfmg LLC decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 93.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,072 shares of the financial services provider’s stock after selling 42,000 shares during the period. Sfmg LLC’s holdings in CBRE Group were worth $430,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CBRE. Brighton Jones LLC raised its position in shares of CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after purchasing an additional 11,065 shares during the period. Oak Thistle LLC purchased a new stake in CBRE Group in the 1st quarter worth $369,000. Venturi Wealth Management LLC raised its holdings in CBRE Group by 5.4% during the first quarter. Venturi Wealth Management LLC now owns 2,946 shares of the financial services provider’s stock valued at $385,000 after acquiring an additional 152 shares during the period. AE Wealth Management LLC raised its holdings in CBRE Group by 2.6% during the first quarter. AE Wealth Management LLC now owns 16,254 shares of the financial services provider’s stock valued at $2,126,000 after acquiring an additional 418 shares during the period. Finally, Gilbert & Cook Inc. lifted its position in shares of CBRE Group by 2.4% in the first quarter. Gilbert & Cook Inc. now owns 5,580 shares of the financial services provider’s stock valued at $730,000 after acquiring an additional 132 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Performance

NYSE:CBRE opened at $156.91 on Friday. The company has a market cap of $46.70 billion, a price-to-earnings ratio of 38.74 and a beta of 1.39. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $171.00. The stock’s 50 day simple moving average is $156.32 and its two-hundred day simple moving average is $147.74. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its 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 during the quarter, compared to analyst estimates of $10.11 billion. During the same period last year, the firm posted $1.20 earnings per share. CBRE Group’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. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CBRE. Keefe, Bruyette & Woods increased their target price 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 upped their price target on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. JPMorgan Chase & Co. increased their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. UBS Group boosted their target price on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.89.

About CBRE Group

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.