Skandinaviska Enskilda Banken AB publ Boosts Stake in CBRE Group, Inc. $CBRE

Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 67,919 shares of the financial services provider’s stock after acquiring an additional 5,493 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in CBRE Group were worth $9,517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after buying an additional 11,065 shares in the last quarter. Cetera Investment Advisers boosted its stake in CBRE Group by 82.6% during the 1st quarter. Cetera Investment Advisers now owns 42,666 shares of the financial services provider’s stock valued at $5,580,000 after acquiring an additional 19,295 shares during the last quarter. LPL Financial LLC boosted its stake in CBRE Group by 31.4% during the 1st quarter. LPL Financial LLC now owns 91,797 shares of the financial services provider’s stock valued at $12,005,000 after acquiring an additional 21,934 shares during the last quarter. Federated Hermes Inc. increased its position in shares of CBRE Group by 768.9% in the 1st quarter. Federated Hermes Inc. now owns 74,170 shares of the financial services provider’s stock worth $9,700,000 after purchasing an additional 65,634 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of CBRE Group in the 1st quarter valued at about $276,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted 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. Keefe, Bruyette & Woods lifted their target price 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. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Finally, UBS Group lifted their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.38.

CBRE Group Stock Down 0.3%

Shares of CBRE Group stock opened at $161.73 on Friday. The stock has a market capitalization of $48.13 billion, a price-to-earnings ratio of 39.93 and a beta of 1.39. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $171.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $156.00 and its 200-day simple moving average is $149.06.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.11 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Equities research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.