Voya Investment Management LLC Buys 204,767 Shares of CBRE Group, Inc. $CBRE

Voya Investment Management LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 21.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,168,506 shares of the financial services provider’s stock after acquiring an additional 204,767 shares during the period. Voya Investment Management LLC owned 0.39% of CBRE Group worth $184,110,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV grew its position in shares of CBRE Group by 4.4% in the 2nd 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 last quarter. Choreo LLC boosted 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 acquiring an additional 2,995 shares in the last quarter. Intech Investment Management LLC boosted its stake in CBRE Group by 154.6% in the second quarter. Intech Investment Management LLC now owns 330,617 shares of the financial services provider’s stock valued at $46,326,000 after acquiring an additional 200,772 shares in the last quarter. CW Advisors LLC purchased a new position in CBRE Group in the second quarter worth $985,000. Finally, Balyasny Asset Management L.P. increased 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 worth $116,180,000 after purchasing an additional 301,980 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Stock Up 0.3%

NYSE:CBRE opened at $160.55 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty day moving average price is $156.80 and its 200-day moving average price is $152.21. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00. The firm has a market capitalization of $47.78 billion, a P/E ratio of 39.64 and a beta of 1.33.

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. The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised 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 research report on Monday. Morgan Stanley increased their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Finally, Barclays assumed coverage on shares of CBRE Group in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $177.25.

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.