MGO One Seven LLC Takes $853,000 Position in CBRE Group, Inc. $CBRE

MGO One Seven LLC acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,415 shares of the financial services provider’s stock, valued at approximately $853,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Citizens Financial Group Inc. RI boosted its stake in CBRE Group by 23.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,658 shares of the financial services provider’s stock worth $576,000 after purchasing an additional 704 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of CBRE Group in the third quarter valued at about $514,000. Atlantic Edge Private Wealth Management LLC boosted its position in shares of CBRE Group by 1.3% during the third quarter. Atlantic Edge Private Wealth Management LLC now owns 11,281 shares of the financial services provider’s stock worth $1,777,000 after buying an additional 145 shares during the period. ORG Partners LLC boosted its position in shares of CBRE Group by 264.4% during the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after buying an additional 119 shares during the period. Finally, Parnassus Investments LLC grew its holdings in shares of CBRE Group by 0.3% during the third quarter. Parnassus Investments LLC now owns 1,795,528 shares of the financial services provider’s stock worth $282,903,000 after buying an additional 6,001 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Morgan Stanley boosted 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. UBS Group lifted their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, Barclays lifted their price target on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.14.

CBRE Group Trading Up 0.6%

Shares of CBRE Group stock opened at $171.81 on Friday. The stock has a market cap of $51.13 billion, a P/E ratio of 42.42 and a beta of 1.34. 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 $173.05. The business’s 50 day moving average is $160.53 and its 200-day moving average is $156.82.

CBRE Group (NYSE:CBRE) last issued its 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. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.11 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. 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 fiscal year.

About CBRE Group

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.