Zacks Research Analysts Boost Earnings Estimates for CBRE Group, Inc. (NYSE:CBRE)

CBRE Group, Inc. (NYSE:CBRE - Free Report) - Zacks Research boosted their Q3 2024 EPS estimates for shares of CBRE Group in a research report issued on Tuesday, April 23rd. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $1.07 for the quarter, up from their previous estimate of $1.06. The consensus estimate for CBRE Group's current full-year earnings is $4.44 per share. Zacks Research also issued estimates for CBRE Group's Q3 2025 earnings at $1.09 EPS, Q1 2026 earnings at $1.57 EPS and FY2026 earnings at $7.14 EPS.

A number of other research analysts also recently commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $96.00 to $100.00 and gave the company a "market perform" rating in a research report on Friday, February 16th. TheStreet raised shares of CBRE Group from a "c+" rating to a "b-" rating in a research report on Thursday, January 25th. Raymond James lifted their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 25th. StockNews.com raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, Evercore ISI lifted their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the stock an "in-line" rating in a research report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $99.50.

CBRE Group Trading Down 0.4 %

CBRE traded down $0.35 on Wednesday, reaching $86.76. 988,864 shares of the company traded hands, compared to its average volume of 1,649,544. CBRE Group has a one year low of $64.63 and a one year high of $98.65. The firm has a fifty day simple moving average of $92.39 and a two-hundred day simple moving average of $85.19. The company has a market cap of $26.63 billion, a P/E ratio of 27.37 and a beta of 1.42. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The company had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter last year, the business posted $1.33 EPS. The firm's revenue for the quarter was up 9.2% on a year-over-year basis.

Institutional Investors Weigh In On CBRE Group

A number of hedge funds have recently modified their holdings of the company. Harris Associates L P lifted its position in CBRE Group by 4.5% in the fourth quarter. Harris Associates L P now owns 16,005,141 shares of the financial services provider's stock valued at $1,489,919,000 after buying an additional 683,225 shares during the last quarter. FMR LLC lifted its position in CBRE Group by 3.1% in the third quarter. FMR LLC now owns 9,465,982 shares of the financial services provider's stock valued at $699,157,000 after buying an additional 288,287 shares during the last quarter. Invesco Ltd. lifted its position in CBRE Group by 0.4% in the third quarter. Invesco Ltd. now owns 7,083,778 shares of the financial services provider's stock valued at $523,208,000 after buying an additional 28,316 shares during the last quarter. Principal Financial Group Inc. lifted its position in CBRE Group by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 6,867,581 shares of the financial services provider's stock valued at $639,303,000 after buying an additional 46,763 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in CBRE Group by 2.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,033,928 shares of the financial services provider's stock valued at $586,739,000 after buying an additional 165,094 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Activity at CBRE Group

In related news, CEO Chandra Dhandapani sold 11,925 shares of the business's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the sale, the chief executive officer now owns 127,064 shares of the company's stock, valued at approximately $11,947,827.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Emma E. Giamartino sold 2,667 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now owns 72,350 shares of the company's stock, valued at $6,766,895.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Chandra Dhandapani sold 11,925 shares of the company's stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the completion of the sale, the chief executive officer now directly owns 127,064 shares of the company's stock, valued at approximately $11,947,827.92. The disclosure for this sale can be found here. Insiders sold a total of 39,592 shares of company stock worth $3,675,752 in the last three months. Company insiders own 0.54% 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.