Nippon Life Global Investors Americas Inc. Increases Position in CBRE Group, Inc. $CBRE

Nippon Life Global Investors Americas Inc. boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 3.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 195,770 shares of the financial services provider’s stock after acquiring an additional 5,850 shares during the period. CBRE Group comprises approximately 1.3% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 28th biggest holding. Nippon Life Global Investors Americas Inc. owned 0.07% of CBRE Group worth $30,846,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. ORG Partners LLC increased its stake in CBRE Group by 264.4% in the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 119 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of CBRE Group during the 2nd quarter worth about $30,000. Evelyn Partners Asset Management Ltd acquired a new stake in shares of CBRE Group in the second quarter worth approximately $32,000. NewSquare Capital LLC grew its holdings in CBRE Group by 40.7% in the second 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 period. Finally, Salomon & Ludwin LLC increased its position in CBRE Group by 67.5% during the third quarter. Salomon & Ludwin LLC now owns 350 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

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

CBRE Group Stock Performance

Shares of CBRE stock opened at $171.81 on Friday. 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’s fifty day moving average price is $160.53 and its two-hundred day moving average price is $156.93. The firm has a market capitalization of $51.13 billion, a P/E 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 released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.46 by $0.15. The business had revenue of $10.26 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.