Candriam S.C.A. Decreases Stock Holdings in CBRE Group, Inc. $CBRE

Candriam S.C.A. trimmed its stake in CBRE Group, Inc. (NYSE:CBRE) by 6.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 160,654 shares of the financial services provider’s stock after selling 11,634 shares during the period. Candriam S.C.A.’s holdings in CBRE Group were worth $22,512,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CBRE. Impax Asset Management Group plc lifted its position in shares of CBRE Group by 69.7% during the second quarter. Impax Asset Management Group plc now owns 8,377 shares of the financial services provider’s stock valued at $1,174,000 after buying an additional 3,440 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in shares of CBRE Group by 1.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 45,143 shares of the financial services provider’s stock valued at $6,325,000 after acquiring an additional 462 shares during the period. Bailard Inc. lifted its holdings in CBRE Group by 17.1% during the second quarter. Bailard Inc. now owns 8,096 shares of the financial services provider’s stock valued at $1,134,000 after purchasing an additional 1,182 shares in the last quarter. Geode Capital Management LLC raised its stake in CBRE Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 8,249,441 shares of the financial services provider’s stock valued at $1,158,068,000 after purchasing an additional 134,160 shares during the last quarter. Finally, denkapparat Operations GmbH lifted its stake in CBRE Group by 18.9% in the 2nd quarter. denkapparat Operations GmbH now owns 3,152 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CBRE shares. UBS Group increased 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. Raymond James Financial lifted their price objective on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. 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 note on Thursday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.89.

CBRE Group Stock Performance

CBRE opened at $152.94 on Friday. The business’s 50 day moving average is $157.71 and its 200-day moving average is $146.54. 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 stock has a market cap of $45.51 billion, a PE ratio of 37.76 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $171.00.

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