Illinois Municipal Retirement Fund decreased its stake in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 24.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,532 shares of the financial services provider’s stock after selling 10,794 shares during the period. Illinois Municipal Retirement Fund’s holdings in CBRE Group were worth $4,407,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of CBRE. State Street Corp boosted its position in CBRE Group by 0.8% during the third quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock valued at $2,180,594,000 after purchasing an additional 105,586 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CBRE Group by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock worth $1,337,051,000 after purchasing an additional 302,426 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CBRE Group by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 8,475,131 shares of the financial services provider’s stock worth $1,369,409,000 after purchasing an additional 151,027 shares during the last quarter. Harris Associates L P raised its stake in shares of CBRE Group by 0.6% during the 4th quarter. Harris Associates L P now owns 6,928,621 shares of the financial services provider’s stock worth $1,114,053,000 after purchasing an additional 38,646 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of CBRE Group by 6.4% during the 4th quarter. Morgan Stanley now owns 6,691,017 shares of the financial services provider’s stock worth $1,075,849,000 after purchasing an additional 403,489 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on CBRE. Keefe, Bruyette & Woods raised their target price 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. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Barclays increased their price target on shares of CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. UBS Group reissued a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Finally, Evercore set a $169.00 price objective on shares of CBRE Group in a research note on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and a consensus target price of $178.86.
Insider Activity at CBRE Group
In related news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the transaction, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their position. The sale was disclosed in a filing 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. Insiders own 0.46% of the company’s stock.
CBRE Group Stock Down 1.9%
CBRE stock opened at $140.89 on Friday. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The business’s 50 day simple moving average is $134.43 and its 200 day simple moving average is $144.83. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $41.26 billion, a PE ratio of 32.09 and a beta of 1.20.
CBRE Group (NYSE:CBRE – Get Free Report) last announced its quarterly earnings results 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. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The business had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm posted $0.86 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. As a group, research analysts anticipate that CBRE Group, Inc. will post 7.75 EPS for the current 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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