Wedbush Securities Inc. Invests $220,000 in CBRE Group, Inc. $CBRE

Wedbush Securities Inc. acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,573 shares of the financial services provider’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also made changes to their positions in CBRE. LPL Financial LLC increased its stake in shares of CBRE Group by 31.4% during the first quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock worth $12,005,000 after acquiring an additional 21,934 shares during the period. Advisors Capital Management LLC purchased a new position in shares of CBRE Group in the 1st quarter valued at about $237,000. Smith Salley Wealth Management lifted its stake in shares of CBRE Group by 64.0% in the second quarter. Smith Salley Wealth Management now owns 4,262 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 1,664 shares during the period. Kathmere Capital Management LLC boosted its holdings in CBRE Group by 98.3% during the second quarter. Kathmere Capital Management LLC now owns 3,276 shares of the financial services provider’s stock worth $459,000 after buying an additional 1,624 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of CBRE Group during the 1st quarter worth approximately $1,416,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Morgan Stanley upped their target price on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Finally, Raymond James Financial boosted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $171.89.

CBRE Group Stock Down 1.6%

Shares of CBRE Group stock opened at $152.94 on Friday. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00. The business has a 50-day moving average of $157.71 and a 200-day moving average of $146.54. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $45.51 billion, a PE ratio of 37.76 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data 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. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.11 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. CBRE Group’s revenue for the quarter was up 13.5% compared to the same quarter last year. 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 fiscal year.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.