Quantum Portfolio Management LLC Has $2.14 Million Stock Holdings in CBRE Group, Inc. $CBRE

Quantum Portfolio Management LLC boosted its stake in CBRE Group, Inc. (NYSE:CBRE) by 50.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,554 shares of the financial services provider’s stock after buying an additional 4,537 shares during the quarter. Quantum Portfolio Management LLC’s holdings in CBRE Group were worth $2,136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CBRE. Massachusetts Financial Services Co. MA raised its holdings in shares of CBRE Group by 13.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock worth $704,610,000 after acquiring an additional 532,151 shares in the last quarter. Donoghue Forlines LLC purchased a new position in CBRE Group in the third quarter valued at about $2,104,000. Nippon Life Global Investors Americas Inc. increased its position in CBRE Group by 3.1% in the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 195,770 shares of the financial services provider’s stock worth $30,846,000 after purchasing an additional 5,850 shares during the last quarter. Resonant Capital Advisors LLC acquired a new position in CBRE Group in the 3rd quarter worth about $214,000. Finally, Walkner Condon Financial Advisors LLC purchased a new stake in shares of CBRE Group during the 3rd quarter worth about $360,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on CBRE shares. Keefe, Bruyette & Woods boosted their price target 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 increased their price target on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. UBS Group raised their price target 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. Barclays upped their price objective on shares of CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.14.

CBRE Group Trading Up 0.6%

Shares of CBRE Group stock opened at $171.81 on Monday. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $173.05. The company’s fifty day simple moving average is $160.53 and its 200-day simple moving average is $157.03. The company has a market cap of $51.13 billion, a price-to-earnings 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 issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The firm 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%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. 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 year.

About CBRE Group

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.