Sumitomo Mitsui Trust Group Inc. Has $123.90 Million Position in CBRE Group, Inc. $CBRE

Sumitomo Mitsui Trust Group Inc. increased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 10.4% during the third quarter, Holdings Channel reports. The institutional investor owned 786,394 shares of the financial services provider’s stock after purchasing an additional 73,896 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in CBRE Group were worth $123,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CBRE. Norges Bank acquired a new stake in shares of CBRE Group during the 2nd quarter worth approximately $544,554,000. Qube Research & Technologies Ltd lifted its position in CBRE Group by 210.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,083,413 shares of the financial services provider’s stock worth $151,808,000 after purchasing an additional 734,563 shares during the period. Cornerstone Investment Partners LLC acquired a new stake in CBRE Group during the second quarter worth $48,383,000. Allspring Global Investments Holdings LLC increased its holdings in CBRE Group by 9.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,628,945 shares of the financial services provider’s stock valued at $513,931,000 after buying an additional 319,115 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in CBRE Group by 57.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 829,150 shares of the financial services provider’s stock valued at $116,180,000 after buying an additional 301,980 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

NYSE CBRE opened at $164.69 on Wednesday. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00. The company has a 50 day moving average of $159.45 and a 200-day moving average of $156.45. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The firm has a market cap of $49.01 billion, a price-to-earnings ratio of 40.66 and a beta of 1.34.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The business had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. During the same period in the prior year, the company earned $1.20 EPS. CBRE Group’s revenue for the quarter was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CBRE. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Morgan Stanley raised their price target 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. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $185.00 to $192.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Barclays increased their target price on CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, UBS Group raised their target price on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $182.14.

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.