Lazard Asset Management LLC Grows Position in CBRE Group, Inc. $CBRE

Lazard Asset Management LLC increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,747,959 shares of the financial services provider’s stock after purchasing an additional 154,067 shares during the quarter. Lazard Asset Management LLC owned 0.92% of CBRE Group worth $385,043,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. KBC Group NV increased its stake in shares of CBRE Group by 4.4% during the second quarter. KBC Group NV now owns 248,956 shares of the financial services provider’s stock worth $34,883,000 after buying an additional 10,438 shares during the period. Choreo LLC grew its holdings in CBRE Group by 42.0% during the 2nd quarter. Choreo LLC now owns 10,129 shares of the financial services provider’s stock worth $1,419,000 after acquiring an additional 2,995 shares in the last quarter. Intech Investment Management LLC increased its position in shares of CBRE Group by 154.6% in the 2nd quarter. Intech Investment Management LLC now owns 330,617 shares of the financial services provider’s stock valued at $46,326,000 after purchasing an additional 200,772 shares during the last quarter. Advisors Capital Management LLC purchased a new stake in shares of CBRE Group in the 1st quarter valued at approximately $237,000. Finally, Smith Salley Wealth Management raised its holdings in shares of CBRE Group by 64.0% in the 2nd quarter. Smith Salley Wealth Management now owns 4,262 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 1,664 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $159.55 on Friday. The firm’s fifty day simple moving average is $156.19 and its 200-day simple moving average is $151.21. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $171.00. The stock has a market capitalization of $47.48 billion, a price-to-earnings ratio of 39.39 and a beta of 1.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick 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, topping the consensus estimate of $1.46 by $0.15. The company had revenue of $10.26 billion for 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 period last year, the firm posted $1.20 EPS. 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CBRE shares. Morgan Stanley boosted their target price 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. Evercore ISI upped their price objective on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Finally, UBS Group upped their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $175.13.

CBRE Group 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.