QRG Capital Management Inc. Sells 59,843 Shares of CBRE Group, Inc. $CBRE

QRG Capital Management Inc. trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 31.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,291 shares of the financial services provider’s stock after selling 59,843 shares during the period. QRG Capital Management Inc.’s holdings in CBRE Group were worth $20,529,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in CBRE Group during the second quarter valued at about $544,554,000. Qube Research & Technologies Ltd raised 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 valued at $151,808,000 after purchasing an additional 734,563 shares during the period. Cornerstone Investment Partners LLC purchased a new position in CBRE Group in the 2nd quarter worth approximately $48,383,000. Allspring Global Investments Holdings LLC boosted its stake in CBRE Group by 9.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,628,945 shares of the financial services provider’s stock worth $513,931,000 after purchasing an additional 319,115 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in shares of CBRE Group by 57.3% during 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. Institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

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

CBRE Group Stock Performance

CBRE Group stock opened at $171.81 on Friday. 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 company has a market capitalization of $51.13 billion, a PE ratio of 42.42 and a beta of 1.34. The company has a 50 day moving average price of $160.53 and a 200-day moving average price of $156.82. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $173.05.

CBRE Group (NYSE:CBRE) last released 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 return on equity of 20.55% and a net margin of 3.12%.The company had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.11 billion. During the same period last year, the business posted $1.20 EPS. 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. As a group, equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.