ProShare Advisors LLC Raises Stock Holdings in CBRE Group, Inc. $CBRE

ProShare Advisors LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,201 shares of the financial services provider’s stock after purchasing an additional 2,843 shares during the period. ProShare Advisors LLC’s holdings in CBRE Group were worth $9,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CBRE. Obermeyer Wealth Partners boosted its holdings in shares of CBRE Group by 2.8% in the 2nd quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock valued at $341,000 after buying an additional 66 shares in the last quarter. NewSquare Capital LLC boosted its stake in CBRE Group by 40.7% in the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 68 shares in the last quarter. Moody National Bank Trust Division boosted its stake in CBRE Group by 4.2% in the second quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 76 shares in the last quarter. Bridgewater Advisors Inc. grew its holdings in CBRE Group by 2.8% in the second quarter. Bridgewater Advisors Inc. now owns 2,996 shares of the financial services provider’s stock worth $420,000 after purchasing an additional 83 shares during the last quarter. Finally, NorthRock Partners LLC increased its position in shares of CBRE Group by 1.8% during the second quarter. NorthRock Partners LLC now owns 4,961 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 90 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $155.35 on Thursday. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $171.00. The business’s 50 day moving average price is $157.88 and its 200 day moving average price is $146.50. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. The firm has a market cap of $46.23 billion, a P/E ratio of 38.36 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.46 by $0.15. The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the business posted $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CBRE. JPMorgan Chase & Co. raised their price objective on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Morgan Stanley raised their price target on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. UBS Group boosted their price target on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Raymond James Financial increased their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.