MGO One Seven LLC Acquires Shares of 5,415 CBRE Group, Inc. $CBRE

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

Several other large investors have also made changes to their positions in the company. Obermeyer Wealth Partners increased its position in CBRE Group by 2.8% in the second quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 66 shares during the period. NewSquare Capital LLC boosted its stake in shares of CBRE Group by 40.7% in the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 68 shares during the last quarter. Fidelis Capital Partners LLC grew its position in shares of CBRE Group by 1.6% during the 2nd quarter. Fidelis Capital Partners LLC now owns 4,292 shares of the financial services provider’s stock worth $601,000 after buying an additional 69 shares during the period. Advisors Capital Management LLC grew its position in shares of CBRE Group by 4.0% during the 2nd quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider’s stock worth $264,000 after buying an additional 73 shares during the period. Finally, Evergreen Capital Management LLC raised its stake in shares of CBRE Group by 3.6% during the second quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider’s stock worth $306,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $171.81 on Friday. The stock’s fifty day simple moving average is $160.53 and its 200 day simple moving average is $156.82. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $51.13 billion, a PE ratio of 42.42 and a beta of 1.34. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $173.05.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The firm 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 company’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 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. UBS Group raised their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Keefe, Bruyette & Woods increased their price target on CBRE Group from $185.00 to $192.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Morgan Stanley raised their price target on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Finally, Barclays increased their target price on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $182.14.

CBRE Group Company 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.