CBRE Group, Inc. $CBRE Holdings Raised by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. boosted its stake in CBRE Group, Inc. (NYSE:CBRE) by 27.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,633 shares of the financial services provider’s stock after acquiring an additional 564 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in CBRE Group were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBRE. WPG Advisers LLC acquired a new stake in shares of CBRE Group in the 1st quarter worth approximately $26,000. NewSquare Capital LLC raised its holdings 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 purchasing an additional 68 shares in the last quarter. Quarry LP lifted its position in CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 147 shares during the period. Accredited Wealth Management LLC boosted its stake in CBRE Group by 338.7% during the 1st quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 254 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in shares of CBRE Group during the 1st quarter valued at $56,000. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. UBS Group upped their price target on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Morgan Stanley lifted their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Evercore ISI boosted their target price on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.89.

CBRE Group Price Performance

NYSE CBRE opened at $150.08 on Wednesday. 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 1 year low of $108.45 and a 1 year high of $171.00. The company has a market cap of $44.66 billion, a PE ratio of 37.06 and a beta of 1.39. The stock’s 50-day moving average price is $156.97 and its two-hundred day moving average price is $147.46.

CBRE Group (NYSE:CBRE) last released its 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. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.11 billion. During the same period last year, the firm posted $1.20 earnings per share. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current 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.