Varma Mutual Pension Insurance Co trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,000 shares of the financial services provider’s stock after selling 6,400 shares during the period. Varma Mutual Pension Insurance Co’s holdings in CBRE Group were worth $11,416,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC boosted its holdings in shares of CBRE Group by 264.4% in the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 119 shares during the period. Ameriflex Group Inc. bought a new position in shares of CBRE Group in the third quarter worth $32,000. Bank of Jackson Hole Trust bought a new position in shares of CBRE Group in the third quarter worth $38,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CBRE Group in the fourth quarter worth $42,000. Finally, Caitlin John LLC bought a new position in shares of CBRE Group in the third quarter worth $45,000. 98.41% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
CBRE has been the subject of a number of analyst reports. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $175.00 to $185.00 in a report on Sunday, February 22nd. Evercore reaffirmed an “outperform” rating and issued a $179.00 price target on shares of CBRE Group in a report on Friday, April 24th. Keefe, Bruyette & Woods raised their price target on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Barclays raised their price target on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Weiss Ratings raised CBRE Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, CBRE Group has an average rating of “Buy” and a consensus price target of $180.29.
Insider Buying and Selling at CBRE Group
In related news, CFO Emma E. Giamartino sold 9,223 shares of CBRE Group stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the completion of the sale, the chief financial officer owned 126,501 shares of the company’s stock, valued at approximately $18,799,313.61. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 471 shares of CBRE Group stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total value of $62,883.21. Following the sale, the insider directly owned 42,519 shares of the company’s stock, valued at $5,676,711.69. This represents a 1.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,917 shares of company stock valued at $1,463,618 in the last three months. 0.46% of the stock is owned by corporate insiders.
CBRE Group Price Performance
NYSE:CBRE opened at $142.55 on Wednesday. The firm has a market capitalization of $41.74 billion, a price-to-earnings ratio of 32.47 and a beta of 1.28. CBRE Group, Inc. has a 52-week low of $118.81 and a 52-week high of $174.27. The stock has a fifty day moving average of $140.85 and a 200 day moving average of $153.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08.
CBRE Group (NYSE:CBRE – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.48. The company had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the company earned $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, research analysts expect that CBRE Group, Inc. will post 7.72 EPS for the current fiscal year.
CBRE Group Company Profile
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.
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