First Citizens Bank & Trust Co. boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 187.3% during the third quarter, HoldingsChannel.com reports. The firm owned 8,633 shares of the financial services provider’s stock after purchasing an additional 5,628 shares during the period. First Citizens Bank & Trust Co.’s holdings in CBRE Group were worth $1,109,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Signal Advisors Wealth LLC increased its position in shares of CBRE Group by 25.6% in the third quarter. Signal Advisors Wealth LLC now owns 13,263 shares of the financial services provider’s stock valued at $1,704,000 after buying an additional 2,702 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $395,000. Krilogy Financial LLC lifted its position in shares of CBRE Group by 235.1% during the 3rd quarter. Krilogy Financial LLC now owns 39,834 shares of the financial services provider’s stock valued at $5,117,000 after buying an additional 27,946 shares in the last quarter. Mechanics Bank Trust Department lifted its position in shares of CBRE Group by 7.0% during the 3rd quarter. Mechanics Bank Trust Department now owns 3,388 shares of the financial services provider’s stock valued at $435,000 after buying an additional 223 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC lifted its position in shares of CBRE Group by 1.6% during the 3rd quarter. Forvis Mazars Wealth Advisors LLC now owns 15,732 shares of the financial services provider’s stock valued at $2,021,000 after buying an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.
CBRE Group Stock Performance
NYSE CBRE opened at $135.31 on Friday. The company has a market cap of $39.18 billion, a PE ratio of 31.04 and a beta of 1.23. The stock’s 50 day simple moving average is $140.95 and its 200-day simple moving average is $139.59. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.14 and a quick ratio of 1.14.
CBRE Group (NYSE:CBRE – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.09. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.18 billion. During the same period in the previous year, the company posted $1.19 earnings per share. The business’s revenue was up 15.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 7.78 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
CBRE has been the subject of several recent analyst reports. UBS Group boosted their price target on shares of CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods reduced their price objective on shares of CBRE Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Barclays increased their price objective on shares of CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Evercore reaffirmed an “outperform” rating and set a $175.00 price objective on shares of CBRE Group in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CBRE Group in a research report on Friday, August 21st. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $178.40.
Check Out Our Latest Research Report on CBRE
Insider Buying and Selling at CBRE Group
In other CBRE Group news, CFO Emma Giamartino sold 2,250 shares of CBRE Group stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $333,652.50. Following the sale, the chief financial officer owned 108,479 shares of the company’s stock, valued at $16,086,350.91. The trade was a 2.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 228 shares of CBRE Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $33,810.12. Following the sale, the insider directly owned 41,778 shares in the company, valued at approximately $6,195,259.62. This trade represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 5,144 shares of company stock worth $767,363. Corporate insiders own 0.46% of the company’s stock.
CBRE Group Company Profile
CBRE Group, Inc is a global commercial real estate services and investment firm headquartered in Dallas, Texas. Through its operations in the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region, the company serves corporations, property owners, investors, lenders, and public-sector organizations.
CBRE’s services include commercial property leasing and sales, tenant and occupier representation, capital markets advisory, property valuation, consulting, research, and development services.
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