Mitsubishi UFJ Asset Management Co. Ltd. Increases Stock Position in CBRE Group, Inc. $CBRE

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in CBRE Group, Inc. (NYSE:CBRE) by 5.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 565,482 shares of the financial services provider’s stock after buying an additional 30,840 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in CBRE Group were worth $79,235,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its holdings 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. Leavell Investment Management Inc. purchased a new position in CBRE Group in the 1st quarter worth about $222,000. Allworth Financial LP raised its position in CBRE Group by 21.2% in the 1st quarter. Allworth Financial LP now owns 771 shares of the financial services provider’s stock worth $95,000 after buying an additional 135 shares during the last quarter. Cerity Partners LLC lifted its stake in CBRE Group by 17.4% during the 1st quarter. Cerity Partners LLC now owns 65,362 shares of the financial services provider’s stock valued at $8,548,000 after acquiring an additional 9,671 shares during the period. Finally, Ballentine Partners LLC boosted its holdings in shares of CBRE Group by 9.0% during the 1st quarter. Ballentine Partners LLC now owns 8,583 shares of the financial services provider’s stock valued at $1,122,000 after acquiring an additional 707 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 1.8%

Shares of CBRE Group stock opened at $152.66 on Monday. 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 stock has a market capitalization of $45.43 billion, a PE ratio of 37.69 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00. The company’s fifty day simple moving average is $158.24 and its 200-day simple moving average is $145.99.

CBRE Group (NYSE:CBRE) last announced 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 company had revenue of $10.26 billion for the quarter, compared to analysts’ expectations 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 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. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the transaction, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Morgan Stanley boosted 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. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Raymond James Financial lifted their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

About CBRE Group

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.