Shelton Capital Management Has $10.77 Million Holdings in CBRE Group, Inc. $CBRE

Shelton Capital Management grew its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,842 shares of the financial services provider’s stock after purchasing an additional 4,141 shares during the quarter. Shelton Capital Management’s holdings in CBRE Group were worth $10,767,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after buying an additional 11,065 shares during the period. Cetera Investment Advisers raised its position in shares of CBRE Group by 82.6% in the 1st quarter. Cetera Investment Advisers now owns 42,666 shares of the financial services provider’s stock worth $5,580,000 after acquiring an additional 19,295 shares in the last quarter. LPL Financial LLC lifted its stake in shares of CBRE Group by 31.4% in the 1st quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock valued at $12,005,000 after purchasing an additional 21,934 shares during the period. Federated Hermes Inc. boosted its position in shares of CBRE Group by 768.9% during the 1st quarter. Federated Hermes Inc. now owns 74,170 shares of the financial services provider’s stock valued at $9,700,000 after purchasing an additional 65,634 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in CBRE Group during the first quarter worth approximately $276,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Performance

Shares of CBRE opened at $161.73 on Monday. The firm has a market capitalization of $48.13 billion, a P/E ratio of 39.93 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $171.00. The stock has a 50 day moving average price of $156.00 and a two-hundred day moving average price of $149.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.11 billion. During the same quarter last year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CBRE has been the topic of several recent analyst reports. UBS Group boosted their price target on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. increased their target price on shares of CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. 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 note on Monday, August 25th. Finally, Morgan Stanley upped their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $173.38.

CBRE Group Company 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.