Curated Wealth Partners LLC reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 98.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,544 shares of the financial services provider’s stock after selling 431,213 shares during the quarter. Curated Wealth Partners LLC’s holdings in CBRE Group were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in CBRE. Swedbank AB lifted its position in CBRE Group by 119.6% during the 1st quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock valued at $348,306,000 after purchasing an additional 1,400,452 shares during the period. Manning & Napier Advisors LLC bought a new position in shares of CBRE Group in the 2nd quarter valued at about $98,121,000. Janus Henderson Group PLC grew its position in shares of CBRE Group by 157.8% during the 1st quarter. Janus Henderson Group PLC now owns 1,162,260 shares of the financial services provider’s stock worth $157,435,000 after buying an additional 711,399 shares during the period. SG Americas Securities LLC grew its position in shares of CBRE Group by 571.7% during the 1st quarter. SG Americas Securities LLC now owns 641,686 shares of the financial services provider’s stock worth $86,923,000 after buying an additional 546,160 shares during the period. Finally, Principal Financial Group Inc. grew 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 buying an additional 302,426 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on CBRE shares. 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 research note 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 on the stock in a research note on Friday, October 9th. Barclays raised their price objective on shares of CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Evercore reaffirmed an “outperform” rating and set a $175.00 target price 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and an average price target of $178.40.
View Our Latest Report on CBRE Group
CBRE Group Trading Up 5.0%
NYSE CBRE opened at $135.31 on Friday. The stock has a 50-day simple moving average of $140.95 and a 200 day simple moving average of $139.59. The company has a market capitalization of $39.18 billion, a PE ratio of 31.04 and a beta of 1.23. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. CBRE Group, Inc. has a 12 month low of $121.69 and a 12 month high of $174.27.
CBRE Group (NYSE:CBRE – Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $1.19 earnings per share. The company’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. Research analysts forecast that CBRE Group, Inc. will post 7.78 EPS for the current year.
Insider Transactions at CBRE Group
In other news, CEO Vikramaditya Kohli sold 2,666 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 134,869 shares of the company’s stock, valued at $20,230,350. This represents a 1.94% decrease in their position. The sale was disclosed in a legal filing 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 Doellinger sold 228 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the sale, the insider directly owned 41,778 shares of the company’s stock, valued at approximately $6,195,259.62. This trade represents a 0.54% 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 ninety days, insiders sold 5,144 shares of company stock worth $767,363. 0.46% of the stock is currently owned by company insiders.
About CBRE Group
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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