Olstein Capital Management L.P. Cuts Stake in CBRE Group, Inc. $CBRE

Olstein Capital Management L.P. reduced its position in CBRE Group, Inc. (NYSE:CBRE) by 19.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,000 shares of the financial services provider’s stock after selling 9,190 shares during the quarter. Olstein Capital Management L.P.’s holdings in CBRE Group were worth $5,987,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after purchasing an additional 11,065 shares during the period. Quarry LP raised 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 worth $39,000 after buying an additional 147 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new stake in CBRE Group during the first quarter worth $404,000. EP Wealth Advisors LLC lifted its holdings in CBRE Group by 9.8% during the first quarter. EP Wealth Advisors LLC now owns 3,293 shares of the financial services provider’s stock worth $431,000 after buying an additional 295 shares during the period. Finally, Ancora Advisors LLC boosted its position in CBRE Group by 5.7% during the 1st quarter. Ancora Advisors LLC now owns 3,685 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 200 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Price Performance

Shares of CBRE stock opened at $160.16 on Friday. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $47.66 billion, a price-to-earnings ratio of 39.55 and a beta of 1.34. The stock’s 50-day simple moving average is $157.87 and its 200-day simple moving average is $154.72.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. The firm 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%. CBRE Group’s revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CBRE has been the subject of several recent research reports. UBS Group boosted their price target on 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 company an “overweight” rating in a research note on Tuesday, October 7th. Barclays assumed coverage on shares of CBRE Group in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 target price for the company. Keefe, Bruyette & Woods upgraded shares of CBRE Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $168.00 to $185.00 in a report on Monday, December 15th. 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 one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $180.86.

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.