Coldstream Capital Management Inc. Purchases 1,409 Shares of CBRE Group, Inc. $CBRE

Coldstream Capital Management Inc. boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 33.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,624 shares of the financial services provider’s stock after purchasing an additional 1,409 shares during the quarter. Coldstream Capital Management Inc.’s holdings in CBRE Group were worth $788,000 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. WPG Advisers LLC bought a new stake in shares of CBRE Group in the 1st quarter worth about $26,000. Evelyn Partners Asset Management Ltd purchased a new stake in shares of CBRE Group in the second quarter valued at approximately $32,000. NewSquare Capital LLC grew its position in shares of CBRE Group by 40.7% during the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after buying an additional 68 shares in the last quarter. Quarry LP grew its holdings in CBRE Group by 97.4% during the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 147 shares in the last quarter. Finally, Accredited Wealth Management LLC boosted its stake in shares of CBRE Group by 338.7% during 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 in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CBRE shares. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Morgan Stanley boosted their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Evercore ISI increased their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. JPMorgan Chase & Co. raised their target price on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.38.

CBRE Group Price Performance

CBRE Group stock opened at $162.22 on Wednesday. The stock has a market cap of $48.27 billion, a P/E ratio of 40.05 and a beta of 1.39. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $156.16 and a 200 day moving average price of $148.54. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $171.00.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. During the same period in the previous year, the firm earned $1.20 EPS. CBRE Group’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. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.