Texas Permanent School Fund Corp Has $3.02 Million Position in CBRE Group, Inc. $CBRE

Texas Permanent School Fund Corp lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 32.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,554 shares of the financial services provider’s stock after selling 10,237 shares during the quarter. Texas Permanent School Fund Corp’s holdings in CBRE Group were worth $3,020,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in shares of CBRE Group during the 1st quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new position in CBRE Group during the second quarter valued at about $30,000. Evelyn Partners Asset Management Ltd bought a new position in CBRE Group during the second quarter valued at about $32,000. NewSquare Capital LLC lifted its position in shares of 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 buying an additional 68 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of CBRE Group by 97.4% during the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 147 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Up 0.7%

CBRE Group stock opened at $161.63 on Friday. The business has a 50 day moving average price of $157.03 and a two-hundred day moving average price of $152.46. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $171.00. The stock has a market cap of $48.10 billion, a price-to-earnings ratio of 39.91 and a beta of 1.33.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Barclays assumed coverage on CBRE Group in a report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 price target on the stock. Keefe, Bruyette & Woods upgraded shares of CBRE Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $168.00 to $185.00 in a research note on Monday. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Finally, Morgan Stanley boosted their target price on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.25.

CBRE Group Company Profile

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.