Smith Salley Wealth Management Grows Position in CBRE Group, Inc. $CBRE

Smith Salley Wealth Management increased its position in CBRE Group, Inc. (NYSE:CBRE) by 135.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,052 shares of the financial services provider’s stock after purchasing an additional 5,790 shares during the period. Smith Salley Wealth Management’s holdings in CBRE Group were worth $1,584,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CBRE. Twin Peaks Wealth Advisors LLC bought a new stake in shares of CBRE Group during the 2nd quarter valued at $30,000. Evelyn Partners Asset Management Ltd purchased a new position in CBRE Group during the 2nd quarter valued at about $32,000. NewSquare Capital LLC boosted its stake in CBRE Group by 40.7% during the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 68 shares in the last quarter. Quarry LP grew its holdings in CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 147 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in CBRE Group by 67.0% in the first quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 179 shares during the period. Institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays initiated coverage on CBRE Group in a research report on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Morgan Stanley raised their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. UBS Group lifted their price target on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Keefe, Bruyette & Woods raised shares of 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 research report on Monday, December 15th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $177.25.

CBRE Group Trading Down 0.6%

CBRE Group stock opened at $163.18 on Wednesday. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $171.00. The business’s fifty day moving average is $158.06 and its 200 day moving average is $154.45. The stock has a market capitalization of $48.56 billion, a PE ratio of 40.29 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 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. The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.CBRE Group’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS 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.