Ritholtz Wealth Management Boosts Position in CBRE Group, Inc. $CBRE

Ritholtz Wealth Management raised its position in CBRE Group, Inc. (NYSE:CBRE) by 63.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 26,210 shares of the financial services provider’s stock after purchasing an additional 10,166 shares during the period. Ritholtz Wealth Management’s holdings in CBRE Group were worth $4,130,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Barclays upped their price objective on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods increased their price objective 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 boosted their target price on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Finally, UBS Group upped their target price on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $182.14.

CBRE Group Stock Performance

CBRE Group stock opened at $171.81 on Friday. The stock has a fifty day moving average price of $160.53 and a 200 day moving average price of $156.82. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $173.05. The firm has a market capitalization of $51.13 billion, a P/E ratio of 42.42 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $10.11 billion. During the same quarter in the previous year, the business earned $1.20 EPS. The firm’s 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. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current 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.