O Shaughnessy Asset Management LLC increased its holdings in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,223 shares of the financial services provider’s stock after acquiring an additional 5,314 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in CBRE Group were worth $21,582,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. State Street Corp increased its holdings in shares of CBRE Group by 0.8% in the 3rd quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock valued at $2,180,594,000 after acquiring an additional 105,586 shares during the period. Principal Financial Group Inc. increased its holdings in shares of CBRE Group by 1.1% in the 4th quarter. Principal Financial Group Inc. now owns 9,567,987 shares of the financial services provider’s stock valued at $1,538,443,000 after acquiring an additional 99,532 shares during the period. Geode Capital Management LLC increased its holdings in shares of CBRE Group by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 8,475,131 shares of the financial services provider’s stock valued at $1,369,409,000 after acquiring an additional 151,027 shares during the period. Invesco Ltd. increased its holdings in shares of CBRE Group by 16.1% in the 3rd quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock valued at $981,795,000 after acquiring an additional 862,656 shares during the period. Finally, Artisan Partners Limited Partnership increased its holdings in shares of CBRE Group by 8.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 4,021,991 shares of the financial services provider’s stock valued at $633,705,000 after acquiring an additional 323,998 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CBRE has been the topic of several recent research reports. Raymond James Financial set a $180.00 price objective on shares of CBRE Group and gave the company an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group raised shares of CBRE Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $175.00 to $185.00 in a research note on Sunday, February 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.29.
Insider Buying and Selling at CBRE Group
In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the sale, the chief financial officer directly owned 110,729 shares in the company, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 471 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the sale, the insider owned 42,519 shares in the company, valued at $5,676,711.69. The trade was a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,944 shares of company stock worth $387,153 over the last 90 days. Insiders own 0.46% of the company’s stock.
CBRE Group Stock Performance
Shares of CBRE opened at $131.64 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $38.55 billion, a P/E ratio of 29.99 and a beta of 1.21. The company’s fifty day moving average is $138.42 and its two-hundred day moving average is $149.51. CBRE Group, Inc. has a 1 year low of $121.69 and a 1 year high of $174.27.
CBRE Group (NYSE:CBRE – Get Free Report) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.13 by $0.48. The company had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, sell-side analysts predict that CBRE Group, Inc. will post 7.65 earnings per share for the current year.
CBRE Group 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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