Zacks Research Brokers Reduce Earnings Estimates for CBRE Group, Inc. (NYSE:CBRE)

CBRE Group, Inc. (NYSE:CBRE) – Equities research analysts at Zacks Research cut their FY2025 earnings per share estimates for shares of CBRE Group in a report released on Wednesday, September 18th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $5.72 for the year, down from their prior estimate of $5.75. The consensus estimate for CBRE Group’s current full-year earnings is $4.81 per share.

Other research analysts have also recently issued research reports about the stock. Wolfe Research upgraded shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $100.00 to $123.00 in a research report on Friday, July 26th. UBS Group decreased their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 3rd. Finally, Raymond James increased their price objective on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.33.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $123.36 on Monday. The company has a market capitalization of $37.85 billion, a P/E ratio of 38.43 and a beta of 1.40. CBRE Group has a 1-year low of $64.63 and a 1-year high of $123.59. The firm’s 50 day simple moving average is $112.07 and its two-hundred day simple moving average is $97.75. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.69 by $0.12. The firm had revenue of $8.39 billion for the quarter, compared to the consensus estimate of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its holdings in shares of CBRE Group by 190.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider’s stock worth $29,000 after buying an additional 215 shares during the period. Crewe Advisors LLC purchased a new stake in CBRE Group in the first quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in shares of CBRE Group by 44.8% during the first quarter. EverSource Wealth Advisors LLC now owns 533 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 165 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in shares of CBRE Group during the second quarter valued at $75,000. Finally, Spartan Planning & Wealth Management bought a new position in shares of CBRE Group in the fourth quarter worth about $78,000. Institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In related news, Director Christopher T. Jenny sold 10,847 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the sale, the director now owns 51,244 shares of the company’s stock, valued at $5,739,328. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Daniel G. Queenan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the transaction, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the sale, the director now owns 51,244 shares in the company, valued at approximately $5,739,328. The disclosure for this sale can be found here. Insiders have sold a total of 27,232 shares of company stock valued at $3,058,787 in the last quarter. 0.54% of the stock is currently owned by insiders.

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.