Forsta AP Fonden Sells 29,400 Shares of CBRE Group, Inc. $CBRE

Forsta AP Fonden lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 32.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 61,100 shares of the financial services provider’s stock after selling 29,400 shares during the period. Forsta AP Fonden’s holdings in CBRE Group were worth $8,561,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in shares of CBRE Group in the first quarter valued at approximately $26,000. NewSquare Capital LLC boosted its stake 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 period. Quarry LP grew its holdings in CBRE Group by 97.4% in the 1st quarter. Quarry LP now owns 298 shares of the financial services provider’s stock valued at $39,000 after buying an additional 147 shares in the last quarter. Accredited Wealth Management LLC increased its position 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 worth $43,000 after buying an additional 254 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of CBRE Group during the first quarter worth $56,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CBRE. Morgan Stanley upped their price target on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. UBS Group increased their target price 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. Evercore ISI lifted their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, August 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Finally, Raymond James Financial raised their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $171.89.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $152.94 on Friday. 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 market cap of $45.51 billion, a PE ratio of 37.76 and a beta of 1.39. The company has a 50 day moving average of $157.71 and a 200-day moving average of $146.54. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $171.00.

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. The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The company’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. As a group, equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal 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.