USA Financial Formulas Makes New Investment in CBRE Group, Inc. $CBRE

USA Financial Formulas acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,517 shares of the financial services provider’s stock, valued at approximately $554,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CBRE. Trust Point Inc. boosted its position in CBRE Group by 27.6% during the third quarter. Trust Point Inc. now owns 2,060 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 446 shares during the last quarter. Flputnam Investment Management Co. raised its stake in shares of CBRE Group by 0.5% during the 3rd quarter. Flputnam Investment Management Co. now owns 98,580 shares of the financial services provider’s stock worth $15,532,000 after purchasing an additional 448 shares in the last quarter. Quotient Wealth Partners LLC raised its stake in shares of CBRE Group by 5.4% during the 3rd quarter. Quotient Wealth Partners LLC now owns 1,517 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 78 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its holdings in shares of CBRE Group by 26.0% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 4,502 shares of the financial services provider’s stock valued at $709,000 after buying an additional 928 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of CBRE Group by 21.2% in the third quarter. Voya Investment Management LLC now owns 1,168,506 shares of the financial services provider’s stock valued at $184,110,000 after buying an additional 204,767 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CBRE. Barclays started coverage on shares of CBRE Group in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 price target on the stock. Evercore ISI boosted 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. upped their target price on shares of CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Morgan Stanley raised their target price 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.25.

CBRE Group Price Performance

Shares of CBRE opened at $161.63 on Friday. The company’s 50-day moving average is $157.03 and its 200-day moving average is $152.66. 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 has a market capitalization of $48.10 billion, a PE ratio of 39.91 and a beta of 1.33. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $171.00.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. The business had revenue of $10.26 billion for 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%. CBRE Group’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 EPS. 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 EPS for the current year.

About CBRE Group

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.