CBRE Group (NYSE:CBRE) Issues Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Key Points

• CBRE Group reported $1.61 earnings per share for the quarter, exceeding estimates by $0.15 and achieving a 13.5% year-over-year revenue growth to $10.26 billion.
• The company updated its FY 2025 earnings guidance to 6.250-6.350 EPS, indicating confidence in future performance.
• Despite recent insider sales, with CEO Vikramaditya Kohli selling shares, 98.41% of CBRE stock is held by institutional investors, reflecting strong institutional backing.

CBRE Group (NYSE:CBRE - Get Free Report) announced its earnings results on Thursday. The financial services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.15, Zacks reports. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The firm had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. During the same quarter in the previous year, the company posted $1.20 EPS. The firm's revenue for the quarter was up 13.5% on a year-over-year basis. CBRE Group updated its FY 2025 guidance to 6.250-6.350 EPS.

CBRE Group Trading Up 0.8%

Shares of NYSE:CBRE traded up $1.25 during trading on Thursday, reaching $165.02. 1,196,845 shares of the stock were exchanged, compared to its average volume of 1,738,703. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group has a 12-month low of $108.45 and a 12-month high of $171.00. The firm has a market cap of $49.10 billion, a price-to-earnings ratio of 46.15 and a beta of 1.36. The firm's 50-day moving average price is $159.72 and its 200 day moving average price is $142.30.

Insiders Place Their Bets

In other CBRE Group news, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the transaction, the chief executive officer directly owned 111,473 shares of the company's stock, valued at $17,267,167.70. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the completion of the transaction, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,494 shares of company stock worth $857,593 in the last 90 days. 0.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On CBRE Group

Institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in shares of CBRE Group by 67.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 179 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of CBRE Group during the 2nd quarter valued at approximately $122,000. Humankind Investments LLC acquired a new stake in shares of CBRE Group during the 2nd quarter valued at approximately $206,000. IHT Wealth Management LLC acquired a new stake in shares of CBRE Group during the 2nd quarter valued at approximately $219,000. Finally, Evergreen Capital Management LLC raised its position in shares of CBRE Group by 3.6% during the 2nd 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 in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBRE has been the subject of several analyst reports. UBS Group boosted their target price on shares of CBRE Group from $146.00 to $165.00 and gave the company a "neutral" rating in a research note on Friday, October 10th. Keefe, Bruyette & Woods boosted 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. Evercore ISI boosted their target price 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. Raymond James Financial upped their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CBRE Group in a research note on Wednesday, October 8th. Eight investment 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.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $170.78.

About CBRE Group

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.

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