CBRE Group (NYSE:CBRE) Reaches New 12-Month High - What's Next?

Key Points

• CBRE Group's shares have reached a new 52-week high of $166.90 after trading as high as $166.34 with a volume of 90,529 shares on Thursday.
• Analysts have raised their price targets for CBRE, with JPMorgan increasing theirs from $143.00 to $185.00, while the consensus price target now stands at $165.22 with a "Moderate Buy" rating.
• In the latest earnings report, CBRE Group reported $1.19 earnings per share (EPS), exceeding estimates, and has set FY 2025 guidance at $6.100–6.200 EPS.

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $166.34 and last traded at $166.90, with a volume of 90529 shares traded. The stock had previously closed at $162.62.

Analysts Set New Price Targets

CBRE has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. UBS Group increased their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Raymond James Financial increased their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.22.

CBRE Group Price Performance

The stock's 50-day moving average is $153.09 and its 200 day moving average is $136.76. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $49.48 billion, a PE ratio of 46.57 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the sale, the chief financial officer directly owned 103,371 shares of the company's stock, valued at $16,291,269.60. The trade was a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the sale, the chief executive officer directly owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,926 shares of company stock valued at $1,338,073. 0.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On CBRE Group

Hedge funds have recently bought and sold shares of the company. WPG Advisers LLC purchased a new position in CBRE Group during the first quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in CBRE Group in the 2nd quarter worth approximately $30,000. Investment Management Corp VA ADV acquired a new position in shares of CBRE Group in the 4th quarter valued at approximately $28,000. Hughes Financial Services LLC acquired a new stake in CBRE Group in the first quarter valued at $28,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in shares of CBRE Group during the 2nd quarter valued at approximately $32,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

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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