Fintel reports that on September 14, 2023, Evercore ISI Group maintained coverage of CBRE Group Inc - (NYSE:CBRE) with a Outperform recommendation.
Analyst Price Forecast Suggests 22.14% Upside
As of August 31, 2023, the average one-year price target for CBRE Group Inc - is 97.41. The forecasts range from a low of 93.93 to a high of $105.00. The average price target represents an increase of 22.14% from its latest reported closing price of 79.75.
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The projected annual revenue for CBRE Group Inc - is 32,497MM, an increase of 5.32%. The projected annual non-GAAP EPS is 5.36.
What is the Fund Sentiment?
There are 1462 funds or institutions reporting positions in CBRE Group Inc -. This is a decrease of 85 owner(s) or 5.49% in the last quarter. Average portfolio weight of all funds dedicated to CBRE is 0.35%, an increase of 6.75%. Total shares owned by institutions increased in the last three months by 0.59% to 351,441K shares. 
The put/call ratio of CBRE is 2.07, indicating a bearish outlook.
What are Other Shareholders Doing?
Harris Associates L P holds 14,735K shares representing 4.87% ownership of the company. In it's prior filing, the firm reported owning 13,443K shares, representing an increase of 8.77%. The firm increased its portfolio allocation in CBRE by 19.65% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 13,885K shares representing 4.59% ownership of the company. In it's prior filing, the firm reported owning 14,324K shares, representing a decrease of 3.16%. The firm decreased its portfolio allocation in CBRE by 3.70% over the last quarter.
ValueAct Holdings holds 9,238K shares representing 3.05% ownership of the company. In it's prior filing, the firm reported owning 9,235K shares, representing an increase of 0.03%. The firm increased its portfolio allocation in CBRE by 5.88% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,233K shares representing 3.05% ownership of the company. In it's prior filing, the firm reported owning 9,308K shares, representing a decrease of 0.82%. The firm increased its portfolio allocation in CBRE by 1.44% over the last quarter.
Generation Investment Management Llp holds 7,853K shares representing 2.60% ownership of the company. In it's prior filing, the firm reported owning 5,446K shares, representing an increase of 30.65%. The firm increased its portfolio allocation in CBRE by 45.39% over the last quarter.
CBRE Group Background Information
(This description is provided by the company.)
CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. It routinely posts important information on its website, including corporate and investor presentations and financial information. It intends to use its website as a means of disclosing material, non-public information and for complying with its disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of its website, in addition to following its press releases, Securities and Exchange Commission filings and public conference calls and webcasts.
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