CBRE Group, Inc. $CBRE Shares Acquired by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 27.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,633 shares of the financial services provider’s stock after buying an additional 564 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in CBRE Group were worth $369,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV lifted its position in shares of CBRE Group by 4.4% during the second quarter. KBC Group NV now owns 248,956 shares of the financial services provider’s stock worth $34,883,000 after purchasing an additional 10,438 shares during the last quarter. LPL Financial LLC raised its stake in CBRE Group by 31.4% during the first quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock valued at $12,005,000 after buying an additional 21,934 shares in the last quarter. Advisors Capital Management LLC acquired a new stake in CBRE Group during the first quarter valued at approximately $237,000. Smith Salley Wealth Management lifted its holdings in CBRE Group by 64.0% during the 2nd quarter. Smith Salley Wealth Management now owns 4,262 shares of the financial services provider’s stock worth $597,000 after buying an additional 1,664 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of CBRE Group by 154.6% in the 2nd quarter. Intech Investment Management LLC now owns 330,617 shares of the financial services provider’s stock worth $46,326,000 after acquiring an additional 200,772 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Up 0.4%

CBRE Group stock opened at $150.08 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $171.00. The company has a 50-day simple moving average of $156.97 and a 200-day simple moving average of $147.46. The firm has a market capitalization of $44.66 billion, a P/E ratio of 37.06 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) 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 in the previous year, the business posted $1.20 EPS. CBRE Group’s revenue was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, equities analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Ratings Changes

CBRE has been the topic of several research reports. Raymond James Financial upped their price target on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Morgan Stanley increased their target price on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Evercore ISI raised their price target on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and two have assigned 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 $171.89.

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.