Swedbank AB Has $187.49 Million Holdings in CBRE Group, Inc. $CBRE

Swedbank AB increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,189,980 shares of the financial services provider’s stock after purchasing an additional 9,353 shares during the quarter. Swedbank AB owned approximately 0.40% of CBRE Group worth $187,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in CBRE Group in the first quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of CBRE Group in the second quarter valued at $30,000. Evelyn Partners Asset Management Ltd acquired a new position in CBRE Group during the second quarter worth $32,000. NewSquare Capital LLC raised its position in CBRE Group by 40.7% during the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 68 shares in the last quarter. Finally, Quarry LP lifted its stake in CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 147 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CBRE shares. Morgan Stanley boosted their price target on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods raised CBRE Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $168.00 to $185.00 in a report on Monday, December 15th. Barclays started coverage on CBRE Group in a research note on Tuesday, December 2nd. They issued an “overweight” rating and a $190.00 price target on the stock. UBS Group lifted their price objective 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, Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $177.25.

CBRE Group Price Performance

Shares of CBRE stock opened at $163.85 on Wednesday. The business has a fifty day simple moving average of $157.44 and a 200 day simple moving average of $153.34. The company has a market cap of $48.76 billion, a P/E ratio of 40.46 and a beta of 1.33. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $171.00.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS 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 firm had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business’s quarterly 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. On average, sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.