CBRE Group, Inc. $CBRE Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in CBRE Group, Inc. (NYSE:CBRE) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,372 shares of the financial services provider’s stock after selling 3,254 shares during the quarter. Pacer Advisors Inc.’s holdings in CBRE Group were worth $3,682,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KBC Group NV lifted its position in shares of CBRE Group by 4.4% during the 2nd quarter. KBC Group NV now owns 248,956 shares of the financial services provider’s stock worth $34,883,000 after purchasing an additional 10,438 shares during the last quarter. Choreo LLC raised its stake in CBRE Group by 42.0% in the second quarter. Choreo LLC now owns 10,129 shares of the financial services provider’s stock valued at $1,419,000 after buying an additional 2,995 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in CBRE Group by 57.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 829,150 shares of the financial services provider’s stock worth $116,180,000 after buying an additional 301,980 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of CBRE Group by 154.6% during the 2nd quarter. Intech Investment Management LLC now owns 330,617 shares of the financial services provider’s stock worth $46,326,000 after acquiring an additional 200,772 shares in the last quarter. Finally, CW Advisors LLC purchased a new position in shares of CBRE Group in the 2nd quarter valued at about $985,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE opened at $164.03 on Tuesday. The company’s 50 day simple moving average is $158.02 and its 200-day simple moving average is $154.24. The firm has a market cap of $48.81 billion, a PE ratio of 40.50 and a beta of 1.33. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $171.00. 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 issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.11 billion. During the same quarter in the prior year, the business earned $1.20 EPS. CBRE Group’s quarterly revenue was up 13.5% compared to the same quarter last year. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

CBRE has been the subject of several recent analyst reports. Morgan Stanley boosted their target price 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 shares of CBRE Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $168.00 to $185.00 in a report on Monday, December 15th. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. UBS Group lifted their price target 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, Barclays began coverage on shares of CBRE Group in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $177.25.

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.