Manning & Napier Advisors LLC Cuts Position in CBRE Group, Inc. $CBRE

Manning & Napier Advisors LLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 17.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 887,837 shares of the financial services provider’s stock after selling 189,183 shares during the quarter. CBRE Group makes up 1.8% of Manning & Napier Advisors LLC’s holdings, making the stock its 14th largest position. Manning & Napier Advisors LLC’s holdings in CBRE Group were worth $141,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position 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 buying an additional 11,065 shares during the last quarter. Woodline Partners LP lifted its position in CBRE Group by 38.2% during the first quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock valued at $3,266,000 after acquiring an additional 6,908 shares during the last quarter. Focus Partners Wealth boosted its stake in CBRE Group by 11.7% in the first quarter. Focus Partners Wealth now owns 25,820 shares of the financial services provider’s stock valued at $3,377,000 after acquiring an additional 2,712 shares in the last quarter. 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 last quarter. Finally, Strs Ohio acquired a new position in shares of CBRE Group during the first quarter worth $1,416,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Performance

CBRE opened at $164.69 on Wednesday. The firm has a 50 day moving average of $159.45 and a two-hundred day moving average of $156.45. The firm has a market capitalization of $49.01 billion, a PE ratio of 40.66 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $171.00.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share 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 return on equity of 20.55% and a net margin of 3.12%.The firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Morgan Stanley upped their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. UBS Group boosted their target price 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, Barclays raised their price target on shares of CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and a consensus price target of $182.14.

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.