Thrivent Financial for Lutherans boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 642,164 shares of the financial services provider’s stock after purchasing an additional 10,179 shares during the quarter. Thrivent Financial for Lutherans’ holdings in CBRE Group were worth $103,257,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Navalign LLC purchased a new position in CBRE Group during the fourth quarter worth approximately $29,000. Ameriflex Group Inc. purchased a new position in CBRE Group during the third quarter worth approximately $32,000. Bank of Jackson Hole Trust purchased a new position in CBRE Group during the third quarter worth approximately $38,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CBRE Group during the fourth quarter worth approximately $42,000. Finally, SBI Securities Co. Ltd. boosted its position in CBRE Group by 37.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 267 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.
Insider Activity at CBRE Group
In other news, insider Chad J. Doellinger sold 471 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total value of $62,883.21. Following the transaction, the insider owned 42,519 shares in the company, valued at $5,676,711.69. This trade represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 9,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total value of $1,370,630.03. Following the completion of the transaction, the chief financial officer owned 126,501 shares in the company, valued at approximately $18,799,313.61. This trade represents a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 9,917 shares of company stock worth $1,463,618. Company insiders own 0.46% of the company’s stock.
CBRE Group Stock Performance
CBRE Group (NYSE:CBRE – Get Free Report) last released its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.48. The business had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 7.72 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Weiss Ratings upgraded CBRE Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. UBS Group upgraded CBRE Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $175.00 to $185.00 in a research report on Sunday, February 22nd. Evercore reiterated an “outperform” rating and set a $179.00 price target on shares of CBRE Group in a research report on Friday, April 24th. Finally, Barclays increased their price target on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CBRE Group currently has an average rating of “Buy” and an average price target of $180.29.
Check Out Our Latest Research Report on CBRE
About CBRE Group
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.
Featured Stories
- Five stocks we like better than CBRE Group
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
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 – Free Report).
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.
