6,121 Shares in CBRE Group, Inc. $CBRE Purchased by VCI Wealth Management LLC

VCI Wealth Management LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 6,121 shares of the financial services provider’s stock, valued at approximately $964,000.

Other large 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% in the second quarter. KBC Group NV now owns 248,956 shares of the financial services provider’s stock valued at $34,883,000 after buying an additional 10,438 shares during the last quarter. Choreo LLC increased its holdings in shares of CBRE Group by 42.0% during the 2nd quarter. Choreo LLC now owns 10,129 shares of the financial services provider’s stock worth $1,419,000 after acquiring an additional 2,995 shares during the last quarter. Intech Investment Management LLC raised its stake in 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 valued at $46,326,000 after acquiring an additional 200,772 shares during the period. Balyasny Asset Management L.P. lifted its holdings in CBRE Group by 57.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 829,150 shares of the financial services provider’s stock valued at $116,180,000 after purchasing an additional 301,980 shares during the last quarter. Finally, CW Advisors LLC bought a new position in CBRE Group during the second quarter worth $985,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE:CBRE opened at $164.86 on Friday. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $171.00. The company’s 50 day moving average price is $157.78 and its two-hundred day moving average price is $153.50. The firm has a market cap of $49.06 billion, a PE ratio of 40.70 and a beta of 1.33. 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 (NYSE:CBRE) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.15. The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The firm’s revenue for the quarter 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 research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CBRE shares. UBS Group increased their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. 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 research report on Tuesday, October 7th. Barclays started coverage on CBRE Group in a report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 price objective for the company. Finally, Keefe, Bruyette & Woods upgraded CBRE Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $168.00 to $185.00 in a research note on Monday, December 15th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.25.

CBRE Group 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.