3,517 Shares in CBRE Group, Inc. $CBRE Bought by USA Financial Formulas

USA Financial Formulas acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,517 shares of the financial services provider’s stock, valued at approximately $554,000.

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

CBRE Group Price Performance

CBRE stock opened at $161.63 on Friday. The stock has a 50-day moving average price of $157.03 and a two-hundred day moving average price of $152.66. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $171.00. The stock has a market cap of $48.10 billion, a PE ratio of 39.91 and a beta of 1.33. 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 issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates 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%.The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

CBRE has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Morgan Stanley lifted their target price on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Barclays assumed coverage on CBRE Group in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 target price for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upgraded CBRE Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $168.00 to $185.00 in a report on Monday, December 15th. Eight research 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.com, CBRE Group presently 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.