share_log
Hi,
moomoo ID:0
Log Out
English
Back
  • English
  • 中文繁体
  • 中文简体

Denali Advisors LLC Has $648,000 Position in CBRE Group, Inc. (NYSE:CBRE)

Financial News Live ·  09/29 22:52

Denali Advisors LLC lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE – Get Rating) by 31.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,800 shares of the financial services provider's stock after buying an additional 2,100 shares during the period. Denali Advisors LLC's holdings in CBRE Group were worth $648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Tcwp LLC bought a new stake in CBRE Group during the first quarter worth about $25,000. Jones Financial Companies Lllp raised its holdings in CBRE Group by 65.4% during the first quarter. Jones Financial Companies Lllp now owns 316 shares of the financial services provider's stock worth $29,000 after acquiring an additional 125 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in CBRE Group during the first quarter worth about $31,000. Atticus Wealth Management LLC bought a new stake in CBRE Group during the second quarter worth about $33,000. Finally, Allworth Financial LP raised its holdings in CBRE Group by 566.7% during the second quarter. Allworth Financial LP now owns 480 shares of the financial services provider's stock worth $35,000 after acquiring an additional 408 shares in the last quarter. 96.74% of the stock is owned by institutional investors and hedge funds.

Get CBRE Group alerts:

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CBRE shares. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research note on Thursday, August 25th. Evercore ISI increased their target price on CBRE Group to $96.00 in a research note on Monday, August 15th. UBS Group lowered their target price on CBRE Group from $95.00 to $86.00 in a research note on Wednesday, September 21st. Finally, Raymond James increased their target price on CBRE Group from $110.00 to $113.00 and gave the stock a "strong-buy" rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CBRE Group currently has an average rating of "Buy" and a consensus price target of $106.17.

CBRE Group Trading Up 2.4 %

Shares of NYSE:CBRE opened at $70.18 on Thursday. The company has a market capitalization of $22.54 billion, a P/E ratio of 11.78 and a beta of 1.38. CBRE Group, Inc. has a 1 year low of $67.68 and a 1 year high of $111.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.16 and a quick ratio of 1.16. The business's 50 day simple moving average is $80.36 and its 200 day simple moving average is $81.11.

CBRE Group (NYSE:CBRE – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.45. The business had revenue of $7.77 billion for the quarter, compared to the consensus estimate of $7.72 billion. CBRE Group had a return on equity of 25.77% and a net margin of 6.59%. The firm's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.36 earnings per share. On average, research analysts anticipate that CBRE Group, Inc. will post 6.25 EPS for the current fiscal year.

About CBRE Group

(Get Rating)

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

Recommended Stories

  • Get a free copy of the StockNews.com research report on CBRE Group (CBRE)
  • A Trio of Q3 Winners With Room to Run
  • This Little Known Small Cap Is Up 139%: Is The Stock A Buy?
  • Can HCA Healthcare Weather the Normalization?
  • Can United Natural Foods Fight Both Inflation and the Fed?
  • Mullen Automotive Is Ready To Get In Gear

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE – Get Rating).

Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.