Dimensional Fund Advisors LP lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,896,802 shares of the financial services provider’s stock after purchasing an additional 159,482 shares during the quarter. Dimensional Fund Advisors LP’s holdings in CBRE Group were worth $392,368,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. State Street Corp grew its position in 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 buying an additional 105,586 shares during the last quarter. Principal Financial Group Inc. raised its position in 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 buying an additional 302,426 shares during the last quarter. Geode Capital Management LLC raised its position in 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 buying an additional 151,027 shares during the last quarter. Harris Associates L P lifted its stake in shares of CBRE Group by 0.6% in 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 acquiring an additional 38,646 shares during the period. Finally, Morgan Stanley lifted its stake in shares of CBRE Group by 6.4% in the 4th quarter. Morgan Stanley now owns 6,691,017 shares of the financial services provider’s stock worth $1,075,849,000 after acquiring an additional 403,489 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on CBRE shares. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. UBS Group reissued a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Weiss Ratings lowered CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods boosted their target price on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $178.86.
CBRE Group Price Performance
CBRE Group stock opened at $138.40 on Wednesday. CBRE Group, Inc. has a one year low of $121.69 and a one year high of $174.27. 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 business has a fifty day moving average of $134.17 and a two-hundred day moving average of $144.36. The company has a market cap of $40.53 billion, a P/E ratio of 31.53 and a beta of 1.20.
CBRE Group (NYSE:CBRE – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business had revenue of $10.53 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the prior year, the company posted $0.86 EPS. The business’s revenue for the quarter 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, analysts predict that CBRE Group, Inc. will post 7.75 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction dated 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 owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.46% of the company’s stock.
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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