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CBRE Group (NYSE:CBRE) Sets New 1-Year High After Earnings Beat

CBRE Group logo with Finance background

Key Points

  • CBRE Group's stock reached a new 52-week high of $168.00 following a strong earnings report, which included a better than expected EPS of $1.61 compared to analyst estimates of $1.46.
  • The company reported a 13.5% year-over-year revenue increase, totaling $10.26 billion, exceeding analysts’ expectations of $10.11 billion.
  • Eight analysts have assigned a Buy rating on CBRE Group with an average target price of $170.78, while institutional investors own 98.41% of the stock.
  • Five stocks we like better than CBRE Group.

CBRE Group, Inc. (NYSE:CBRE - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $168.00 and last traded at $164.61, with a volume of 2911 shares traded. The stock had previously closed at $163.77.

The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.46 by $0.15. The company had revenue of $10.26 billion during the quarter, compared to analysts' expectations of $10.11 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The business's revenue was up 13.5% on a year-over-year basis. During the same period last year, the firm posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS.

Analysts Set New Price Targets

A number of research firms have commented on CBRE. Morgan Stanley upped their price target on CBRE Group from $170.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Evercore ISI raised their price target on CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $167.00 to $168.00 and gave the stock a "market perform" rating in a research report on Thursday, October 9th. Finally, UBS Group raised their price target on CBRE Group from $146.00 to $165.00 and gave the company a "neutral" rating in a research report on Friday, October 10th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and an average target price of $170.78.

Get Our Latest Analysis on CBRE

Insider Transactions at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the sale, the chief accounting officer directly owned 26,717 shares of the company's stock, valued at $4,151,020.29. This trade represents a 5.30% 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, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the sale, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,494 shares of company stock worth $857,593. Company insiders own 0.42% of the company's stock.

Institutional Trading of CBRE Group

A number of hedge funds have recently made changes to their positions in CBRE. Obermeyer Wealth Partners increased its holdings in CBRE Group by 2.8% in the second quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider's stock valued at $341,000 after buying an additional 66 shares in the last quarter. NewSquare Capital LLC increased its holdings in CBRE Group by 40.7% in the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider's stock valued at $33,000 after buying an additional 68 shares in the last quarter. Fidelis Capital Partners LLC increased its holdings in CBRE Group by 1.6% in the second quarter. Fidelis Capital Partners LLC now owns 4,292 shares of the financial services provider's stock valued at $601,000 after buying an additional 69 shares in the last quarter. Advisors Capital Management LLC increased its holdings in CBRE Group by 4.0% in the second quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider's stock valued at $264,000 after buying an additional 73 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of CBRE Group by 3.6% during the second quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider's stock worth $306,000 after purchasing an additional 75 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Up 1.7%

The firm has a market cap of $49.55 billion, a PE ratio of 46.72 and a beta of 1.36. The business's 50 day moving average price is $159.72 and its 200 day moving average price is $142.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group Company Profile

(Get Free Report)

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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