Savant Capital LLC Cuts Stake in CBRE Group, Inc. $CBRE

Savant Capital LLC cut its stake in CBRE Group, Inc. (NYSE:CBRE) by 50.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 7,922 shares of the financial services provider’s stock after selling 8,059 shares during the period. Savant Capital LLC’s holdings in CBRE Group were worth $1,110,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CBRE. Obermeyer Wealth Partners raised its stake in CBRE Group by 2.8% during 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 grew its stake in shares of CBRE Group by 40.7% during the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after buying an additional 68 shares during the period. Moody National Bank Trust Division increased its holdings in shares of CBRE Group by 4.2% during the 2nd quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock worth $266,000 after buying an additional 76 shares during the last quarter. Bridgewater Advisors Inc. raised its position in shares of CBRE Group by 2.8% in the 2nd quarter. Bridgewater Advisors Inc. now owns 2,996 shares of the financial services provider’s stock worth $420,000 after buying an additional 83 shares during the period. Finally, NorthRock Partners LLC raised its position in shares of CBRE Group by 1.8% in the 2nd quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider’s stock worth $695,000 after buying an additional 90 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CBRE shares. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. 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. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Morgan Stanley lifted their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Finally, Evercore ISI increased their price objective 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. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $171.89.

CBRE Group Stock Performance

CBRE Group stock opened at $152.94 on Friday. The firm has a market capitalization of $45.51 billion, a PE ratio of 37.76 and a beta of 1.39. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $171.00. The stock’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 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 company had revenue of $10.26 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

CBRE Group Company Profile

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.