CBRE Group, Inc. $CBRE Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 20.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,783,857 shares of the financial services provider’s stock after selling 726,951 shares during the period. Franklin Resources Inc. owned about 0.94% of CBRE Group worth $390,074,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in CBRE Group during the 1st quarter worth $26,000. NewSquare Capital LLC lifted its position in shares of CBRE Group by 40.7% during the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 68 shares during the last quarter. Quarry LP grew its stake in CBRE Group by 97.4% in the first quarter. Quarry LP now owns 298 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 147 shares in the last quarter. Accredited Wealth Management LLC raised its stake in CBRE Group by 338.7% during the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider’s stock valued at $43,000 after buying an additional 254 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in CBRE Group during the 1st quarter worth approximately $56,000. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $156.91 on Friday. The stock has a market cap of $46.70 billion, a price-to-earnings ratio of 38.74 and a beta of 1.39. 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, Inc. has a 12 month low of $108.45 and a 12 month high of $171.00. The stock’s 50 day moving average price is $156.32 and its 200 day moving average price is $147.74.

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. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The firm had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $10.11 billion. During the same period in the previous year, the business earned $1.20 earnings per share. CBRE Group’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 anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CBRE shares. JPMorgan Chase & Co. boosted their price target on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, October 8th. Evercore ISI lifted their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Morgan Stanley increased their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Finally, UBS Group lifted their target price on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $171.89.

CBRE Group Profile

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.