CBRE Group, Inc. $CBRE Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 160,654 shares of the financial services provider’s stock after selling 11,634 shares during the period. Candriam S.C.A. owned 0.05% of CBRE Group worth $22,512,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CBRE. Impax Asset Management Group plc raised its stake in shares of CBRE Group by 69.7% in the 2nd quarter. Impax Asset Management Group plc now owns 8,377 shares of the financial services provider’s stock valued at $1,174,000 after acquiring an additional 3,440 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of CBRE Group by 1.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 45,143 shares of the financial services provider’s stock valued at $6,325,000 after purchasing an additional 462 shares in the last quarter. Bailard Inc. raised its stake in shares of CBRE Group by 17.1% in the 2nd quarter. Bailard Inc. now owns 8,096 shares of the financial services provider’s stock valued at $1,134,000 after purchasing an additional 1,182 shares during the period. Geode Capital Management LLC boosted its position in CBRE Group by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 8,249,441 shares of the financial services provider’s stock worth $1,158,068,000 after acquiring an additional 134,160 shares during the last quarter. Finally, denkapparat Operations GmbH increased its position in shares of CBRE Group by 18.9% during the 2nd quarter. denkapparat Operations GmbH now owns 3,152 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 500 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CBRE. Raymond James Financial raised their target price on shares of CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. UBS Group upped their price target on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods raised their price objective on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

CBRE Group Price Performance

Shares of CBRE stock opened at $152.94 on Friday. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00. The firm has a market cap of $45.51 billion, a P/E ratio of 37.76 and a beta of 1.39. The business’s 50 day moving average price is $157.71 and its 200-day moving average price is $146.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data 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. 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 analyst estimates of $10.11 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. CBRE Group’s quarterly revenue was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current 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.