Lombard Odier Asset Management Switzerland SA Raises Stock Holdings in CBRE Group, Inc. $CBRE

Lombard Odier Asset Management Switzerland SA grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 36.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,511 shares of the financial services provider’s stock after acquiring an additional 5,515 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in CBRE Group were worth $2,874,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp lifted its position in CBRE Group by 1.8% during the second quarter. State Street Corp now owns 13,734,182 shares of the financial services provider’s stock valued at $1,924,434,000 after purchasing an additional 236,323 shares during the period. Geode Capital Management LLC raised its stake in CBRE Group by 1.7% during 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 buying an additional 134,160 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of CBRE Group by 0.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,939,862 shares of the financial services provider’s stock valued at $552,053,000 after buying an additional 26,563 shares during the period. Norges Bank purchased a new position in shares of CBRE Group in the 2nd quarter worth $544,554,000. Finally, Northern Trust Corp grew its holdings in shares of CBRE Group by 2.1% in the first quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider’s stock worth $506,158,000 after acquiring an additional 80,791 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Trading Up 0.4%

CBRE Group stock opened at $155.95 on Wednesday. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $171.00. The firm has a market capitalization of $46.41 billion, a price-to-earnings ratio of 38.51 and a beta of 1.33. The firm has a 50 day moving average of $156.02 and a 200 day moving average of $150.84. 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 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. The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The company’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Evercore ISI increased their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Morgan Stanley raised their price objective 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. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.13.

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.