CBRE Group (NYSE:CBRE) Announces Quarterly Earnings Results

Key Points

• CBRE Group reported an earnings per share (EPS) of $1.19 for the quarter, exceeding expectations by $0.14.
• The company updated its FY 2025 guidance to an EPS range of $6.100-6.200.
• Analysts have mixed price targets for CBRE Group, with the consensus target price being $156.11, reflecting a "Moderate Buy" rating.

CBRE Group (NYSE:CBRE - Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14, Zacks reports. The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. CBRE Group updated its FY 2025 guidance to 6.100-6.200 EPS.

CBRE Group Stock Down 1.2%

Shares of CBRE stock traded down $1.85 during trading hours on Friday, hitting $153.89. 1,831,747 shares of the company were exchanged, compared to its average volume of 1,848,057. The business has a 50 day moving average of $136.84 and a two-hundred day moving average of $133.02. The company has a current ratio of 1.13, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. CBRE Group has a 52 week low of $105.17 and a 52 week high of $161.03. The company has a market capitalization of $45.79 billion, a PE ratio of 43.11 and a beta of 1.30.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CBRE shares. JPMorgan Chase & Co. dropped their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Raymond James Financial boosted their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. UBS Group boosted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Evercore ISI boosted their price objective on shares of CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Morgan Stanley reiterated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $158.00.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the transaction, the chief financial officer directly owned 105,371 shares in the company, valued at $13,603,396.10. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the transaction, the chief accounting officer directly owned 26,717 shares of the company's stock, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,031 shares of company stock valued at $1,139,304 in the last three months. 0.42% of the stock is owned by insiders.

Institutional Trading of CBRE Group

A number of institutional investors have recently bought and sold shares of the business. Brighton Jones LLC grew its holdings in CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after acquiring an additional 11,065 shares during the last quarter. Woodline Partners LP boosted its stake in CBRE Group by 38.2% during the first quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider's stock worth $3,266,000 after acquiring an additional 6,908 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in CBRE Group by 67.0% during the first quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider's stock worth $58,000 after acquiring an additional 179 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

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.