Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Invests $514,000 in CBRE Group, Inc. $CBRE

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in CBRE Group, Inc. (NYSE:CBRE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,130 shares of the financial services provider’s stock, valued at approximately $514,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CBRE. ORG Partners LLC lifted its stake in CBRE Group by 264.4% during the 3rd quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 119 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of CBRE Group during the second quarter worth $30,000. Evelyn Partners Asset Management Ltd acquired a new position in CBRE Group during the second quarter valued at $32,000. NewSquare Capital LLC lifted its position in CBRE Group by 40.7% during the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 68 shares during the period. Finally, Salomon & Ludwin LLC boosted its holdings in CBRE Group by 67.5% in the third quarter. Salomon & Ludwin LLC now owns 350 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley lifted their price objective on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Barclays initiated coverage on CBRE Group in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $190.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $185.00 to $192.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, UBS Group increased their price target 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 one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $181.86.

CBRE Group Trading Up 0.7%

Shares of NYSE:CBRE opened at $166.63 on Tuesday. The business’s 50 day moving average price is $159.18 and its 200-day moving average price is $156.27. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $171.00. The firm has a market capitalization of $49.59 billion, a price-to-earnings ratio of 41.14 and a beta of 1.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13.

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

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.