Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Makes New Investment in CBRE Group, Inc. $CBRE

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in CBRE Group, Inc. (NYSE:CBRE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,130 shares of the financial services provider’s stock, valued at approximately $514,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of CBRE Group during the second quarter worth approximately $544,554,000. Qube Research & Technologies Ltd boosted its stake in CBRE Group by 210.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,083,413 shares of the financial services provider’s stock worth $151,808,000 after purchasing an additional 734,563 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of CBRE Group during the second quarter worth $48,383,000. Allspring Global Investments Holdings LLC raised its position in shares of CBRE Group by 9.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,628,945 shares of the financial services provider’s stock valued at $513,931,000 after buying an additional 319,115 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of CBRE Group by 57.3% in the second quarter. Balyasny Asset Management L.P. now owns 829,150 shares of the financial services provider’s stock valued at $116,180,000 after buying an additional 301,980 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Trading Up 0.7%

CBRE opened at $166.63 on Tuesday. The stock has a market capitalization of $49.59 billion, a PE ratio of 41.14 and a beta of 1.34. CBRE Group, Inc. has a one year low of $108.45 and a one year 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 business’s 50 day moving average price is $159.18 and its 200 day moving average price is $156.27.

CBRE Group (NYSE:CBRE) last issued 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. The firm had revenue of $10.26 billion for 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 in the previous year, the firm earned $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CBRE. Morgan Stanley upped their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. UBS Group increased their price target on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Finally, Barclays initiated coverage on CBRE Group in a report on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.86.

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.