Virtus Advisers LLC Has $132,000 Stock Position in CBRE Group, Inc. $CBRE

Virtus Advisers LLC reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 53.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 940 shares of the financial services provider’s stock after selling 1,100 shares during the quarter. Virtus Advisers LLC’s holdings in CBRE Group were worth $132,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CBRE. Lido Advisors LLC raised its stake in shares of CBRE Group by 74.5% during the second quarter. Lido Advisors LLC now owns 15,160 shares of the financial services provider’s stock worth $2,124,000 after buying an additional 6,470 shares during the last quarter. West Family Investments Inc. grew its holdings in CBRE Group by 43.1% during the 2nd quarter. West Family Investments Inc. now owns 2,194 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 661 shares during the period. Schroder Investment Management Group raised its position in shares of CBRE Group by 16.7% during the 2nd quarter. Schroder Investment Management Group now owns 625,721 shares of the financial services provider’s stock valued at $87,676,000 after acquiring an additional 89,523 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of CBRE Group by 0.6% in the 2nd quarter. Mackenzie Financial Corp now owns 42,094 shares of the financial services provider’s stock worth $5,898,000 after purchasing an additional 245 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of CBRE Group by 8.8% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 67,919 shares of the financial services provider’s stock worth $9,517,000 after purchasing an additional 5,493 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

CBRE stock opened at $161.73 on Monday. The stock has a 50-day moving average price of $156.00 and a two-hundred day moving average price of $149.20. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $171.00. The stock has a market cap of $48.13 billion, a PE ratio of 39.93 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.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $10.11 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. CBRE Group’s revenue for the quarter was up 13.5% compared to the same quarter last year. 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 fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Morgan Stanley upped their price objective on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. upped their price target on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Evercore ISI increased 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 restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price 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. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.38.

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.