CBRE Group, Inc. $CBRE Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.9% during the second quarter, HoldingsChannel reports. The firm owned 585,298 shares of the financial services provider’s stock after selling 57,075 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in CBRE Group were worth $82,012,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC bought a new position in shares of CBRE Group in the 1st quarter worth about $26,000. NewSquare Capital LLC lifted its position in CBRE Group by 40.7% in the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 68 shares during the last quarter. Quarry LP boosted its stake in CBRE Group by 97.4% during the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 147 shares during the period. Accredited Wealth Management LLC increased its stake in shares of CBRE Group by 338.7% in the first 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 during the period. Finally, Zions Bancorporation National Association UT bought a new stake in shares of CBRE Group during the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

Shares of CBRE opened at $154.96 on Wednesday. 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 firm’s 50 day moving average is $157.95 and its 200-day moving average is $146.44. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $171.00. The stock has a market capitalization of $46.12 billion, a P/E ratio of 38.26 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. The firm 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 firm’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CBRE has been the topic of several analyst reports. Raymond James Financial raised their target price on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. UBS Group raised their price target on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Evercore ISI raised their target price on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average target price of $171.89.

CBRE Group Profile

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.