Nykredit A S purchased a new position in CBRE Group, Inc. (NYSE:CBRE – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm purchased 106,283 shares of the financial services provider’s stock, valued at approximately $14,315,000.
Other large investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in shares of CBRE Group by 5.7% in the 1st quarter. QRG Capital Management Inc. now owns 135,635 shares of the financial services provider’s stock worth $18,373,000 after acquiring an additional 7,349 shares during the last quarter. Flputnam Investment Management Co. raised its position in CBRE Group by 39.5% in the 4th quarter. Flputnam Investment Management Co. now owns 137,524 shares of the financial services provider’s stock worth $22,112,000 after purchasing an additional 38,944 shares during the period. Abacus Wealth Partners LLC purchased a new stake in CBRE Group in the 4th quarter worth about $2,147,000. Northwestern Mutual Wealth Management Co. lifted its stake in CBRE Group by 5,115.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock worth $163,581,000 after purchasing an additional 997,848 shares during the last quarter. Finally, Norges Bank bought a new stake in CBRE Group in the fourth quarter worth about $643,405,000. 98.41% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently commented on CBRE. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CBRE Group in a research note on Friday, August 21st. Barclays boosted their price objective on CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Finally, UBS Group boosted their target price on shares of CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus target price of $180.33.
CBRE Group Stock Performance
CBRE stock opened at $147.71 on Friday. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The business has a 50-day moving average price of $144.87 and a 200 day moving average price of $140.44. The company has a market capitalization of $42.77 billion, a P/E ratio of 33.88 and a beta of 1.19. 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 earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.09. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.18 billion. During the same period in the prior year, the business earned $1.19 EPS. The firm’s quarterly 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 forecast that CBRE Group, Inc. will post 7.79 EPS for the current fiscal year.
Insider Transactions at CBRE Group
In other CBRE Group news, CEO Vikramaditya Kohli sold 2,666 shares of CBRE Group stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total value of $399,900.00. Following the transaction, the chief executive officer owned 134,869 shares in the company, valued at $20,230,350. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma Giamartino sold 2,250 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $333,652.50. Following the completion of the transaction, the chief financial officer owned 108,479 shares of the company’s stock, valued at $16,086,350.91. This represents a 2.03% decrease in their ownership of the stock. 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 three months, insiders sold 5,144 shares of company stock valued at $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 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.
Read More
- Five stocks we like better than CBRE Group
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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.
