Texas Permanent School Fund Corp Has $3.02 Million Holdings in CBRE Group, Inc. $CBRE

Texas Permanent School Fund Corp decreased its stake in CBRE Group, Inc. (NYSE:CBRE) by 32.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 21,554 shares of the financial services provider’s stock after selling 10,237 shares during the period. Texas Permanent School Fund Corp’s holdings in CBRE Group were worth $3,020,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Obermeyer Wealth Partners boosted its stake in shares of CBRE Group by 2.8% in the 2nd quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 66 shares in the last quarter. NewSquare Capital LLC boosted its position in CBRE Group by 40.7% in the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after buying an additional 68 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in CBRE Group by 1.6% during the second quarter. Fidelis Capital Partners LLC now owns 4,292 shares of the financial services provider’s stock worth $601,000 after buying an additional 69 shares during the last quarter. Advisors Capital Management LLC increased its holdings in shares of CBRE Group by 4.0% during the second quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider’s stock worth $264,000 after buying an additional 73 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its stake in shares of CBRE Group by 3.6% in the second quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 75 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Trading Up 0.7%

CBRE opened at $161.63 on Friday. The firm has a 50 day simple moving average of $157.03 and a 200 day simple moving average of $152.46. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00. The company has a market cap of $48.10 billion, a price-to-earnings ratio of 39.91 and a beta of 1.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS 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 analyst estimates of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.20 EPS. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays started coverage on CBRE Group in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 price target on the stock. Morgan Stanley increased their target price on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. lifted their price target on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upgraded shares of CBRE Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $168.00 to $185.00 in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.25.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.