Railway Pension Investments Ltd Cuts Stock Holdings in CBRE Group, Inc. $CBRE

Railway Pension Investments Ltd lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 63.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 35,200 shares of the financial services provider’s stock after selling 62,000 shares during the period. Railway Pension Investments Ltd’s holdings in CBRE Group were worth $4,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KBC Group NV raised its stake in CBRE Group by 4.4% during the second quarter. KBC Group NV now owns 248,956 shares of the financial services provider’s stock worth $34,883,000 after acquiring an additional 10,438 shares in the last quarter. Intech Investment Management LLC lifted its stake in CBRE Group by 154.6% in the second quarter. Intech Investment Management LLC now owns 330,617 shares of the financial services provider’s stock valued at $46,326,000 after buying an additional 200,772 shares during the period. LPL Financial LLC grew its holdings in shares of CBRE Group by 31.4% in the 1st quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock valued at $12,005,000 after buying an additional 21,934 shares during the period. Advisors Capital Management LLC acquired a new stake in CBRE Group during the 1st quarter worth approximately $237,000. Finally, Smith Salley Wealth Management lifted its holdings in shares of CBRE Group by 64.0% in the second quarter. Smith Salley Wealth Management now owns 4,262 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 1,664 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CBRE has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Morgan Stanley raised their target price 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. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the stock a “market perform” rating in a research report on Thursday, October 9th. UBS Group lifted their price target on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Evercore ISI increased their price target on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $173.38.

CBRE Group Price Performance

CBRE opened at $161.73 on Monday. The stock has a market capitalization of $48.13 billion, a P/E ratio of 39.93 and a beta of 1.39. The stock has a 50-day moving average price of $156.00 and a 200-day moving average price of $149.20. 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 released its quarterly earnings data 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. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.11 billion. During the same quarter last year, the business posted $1.20 EPS. The business’s revenue was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.