Swedbank AB Purchases 9,353 Shares of CBRE Group, Inc. $CBRE

Swedbank AB increased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.8% during the third quarter, HoldingsChannel reports. The fund owned 1,189,980 shares of the financial services provider’s stock after buying an additional 9,353 shares during the quarter. Swedbank AB’s holdings in CBRE Group were worth $187,493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after purchasing an additional 11,065 shares in the last quarter. Compound Planning Inc. raised its holdings in CBRE Group by 15.5% in the 1st quarter. Compound Planning Inc. now owns 4,082 shares of the financial services provider’s stock valued at $534,000 after buying an additional 549 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in CBRE Group by 10.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 18,905 shares of the financial services provider’s stock worth $2,472,000 after buying an additional 1,821 shares during the period. Jump Financial LLC bought a new stake in CBRE Group during the 1st quarter worth approximately $728,000. Finally, ICONIQ Capital LLC grew its holdings in CBRE Group by 23.2% during the 1st quarter. ICONIQ Capital LLC now owns 2,519 shares of the financial services provider’s stock worth $329,000 after acquiring an additional 474 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CBRE shares. JPMorgan Chase & Co. raised their price target on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Keefe, Bruyette & Woods upgraded CBRE Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $168.00 to $185.00 in a report on Monday, December 15th. UBS Group raised their target price on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Barclays started coverage on CBRE Group in a report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 target price on the stock. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $177.25.

CBRE Group Stock Down 0.1%

Shares of NYSE:CBRE opened at $163.85 on Wednesday. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $171.00. 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 business’s 50-day moving average is $157.44 and its 200-day moving average is $153.34. The company has a market capitalization of $48.76 billion, a price-to-earnings ratio of 40.46 and a beta of 1.33.

CBRE Group (NYSE:CBRE) last issued its 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 return on equity of 20.55% and a net margin of 3.12%.The business had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. During the same period in the previous year, the company posted $1.20 earnings per share. The firm’s revenue for the quarter 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 predict 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.