Triavera Capital LLC Invests $10.26 Million in CBRE Group, Inc. $CBRE

Triavera Capital LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 73,195 shares of the financial services provider’s stock, valued at approximately $10,256,000. CBRE Group accounts for 5.4% of Triavera Capital LLC’s holdings, making the stock its 12th largest position.

A number of other institutional investors have also bought and sold shares of CBRE. WPG Advisers LLC bought a new position in shares of CBRE Group in the 1st quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of CBRE Group during the 2nd quarter valued at about $30,000. Evelyn Partners Asset Management Ltd acquired a new stake in CBRE Group during the second quarter worth approximately $32,000. NewSquare Capital LLC increased its holdings in CBRE Group by 40.7% in the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 68 shares in the last quarter. Finally, Quarry LP lifted its stake in 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 buying an additional 147 shares during the period. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

CBRE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised 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. UBS Group raised their price target 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. JPMorgan Chase & Co. upped 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. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Finally, Evercore ISI boosted their target price on CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.22.

CBRE Group Stock Up 0.0%

CBRE Group stock opened at $159.39 on Wednesday. The firm has a market capitalization of $47.43 billion, a price-to-earnings ratio of 39.36 and a beta of 1.33. The firm’s fifty day moving average price is $155.86 and its two-hundred day moving average price is $149.60. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, topping 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 company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm’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 research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.