Hosking Partners LLP Buys 9,484 Shares of CBRE Group, Inc. $CBRE

Hosking Partners LLP lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 563,555 shares of the financial services provider’s stock after buying an additional 9,484 shares during the period. CBRE Group comprises approximately 3.2% of Hosking Partners LLP’s holdings, making the stock its 5th largest holding. Hosking Partners LLP’s holdings in CBRE Group were worth $88,794,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in CBRE Group in the second quarter valued at $544,554,000. Qube Research & Technologies Ltd boosted its stake in shares of CBRE Group by 210.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,083,413 shares of the financial services provider’s stock valued at $151,808,000 after purchasing an additional 734,563 shares in the last quarter. Cornerstone Investment Partners LLC bought a new stake in shares of CBRE Group in the 2nd quarter worth about $48,383,000. Allspring Global Investments Holdings LLC grew its holdings in shares of CBRE Group by 9.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,628,945 shares of the financial services provider’s stock worth $513,931,000 after purchasing an additional 319,115 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of CBRE Group by 57.3% during the 2nd 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. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Trading Down 0.3%

Shares of NYSE CBRE opened at $166.41 on Thursday. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00. The firm has a market capitalization of $49.52 billion, a P/E ratio of 41.09 and a beta of 1.34. 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 50 day simple moving average is $158.35 and its 200 day simple moving average is $155.56.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. The firm had revenue of $10.26 billion during 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 business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Barclays began coverage on CBRE Group in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 price objective on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. UBS Group upped their price target on shares of 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 target for the company from $168.00 to $185.00 in a research note on Monday, December 15th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.86.

CBRE Group 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.