Mather Group LLC. boosted its stake in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 355.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,523 shares of the financial services provider’s stock after buying an additional 7,432 shares during the period. Mather Group LLC.’s holdings in CBRE Group were worth $1,223,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of CBRE. Reliant Investment Management LLC purchased a new position in shares of CBRE Group during the 3rd quarter worth approximately $6,388,000. First Citizens Bank & Trust Co. boosted its position in shares of CBRE Group by 187.3% during the third quarter. First Citizens Bank & Trust Co. now owns 8,633 shares of the financial services provider’s stock valued at $1,109,000 after purchasing an additional 5,628 shares in the last quarter. Signal Advisors Wealth LLC boosted its position in shares of CBRE Group by 25.6% during 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 purchasing an additional 2,702 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in CBRE Group in the third quarter worth $395,000. Finally, Krilogy Financial LLC grew its stake in CBRE Group by 235.1% in the third quarter. Krilogy Financial LLC now owns 39,834 shares of the financial services provider’s stock worth $5,117,000 after purchasing an additional 27,946 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.
CBRE Group Stock Down 1.9%
Shares of NYSE CBRE traded down $2.58 during midday trading on Friday, hitting $132.91. The stock had a trading volume of 2,249,160 shares, compared to its average volume of 2,284,539. The business’s 50 day moving average is $140.65 and its 200-day moving average is $139.55. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27. The company has a market cap of $38.49 billion, a P/E ratio of 30.48 and a beta of 1.23.
CBRE Group (NYSE:CBRE – Get Free Report) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.56 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 business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $11.18 billion. During the same quarter last year, the company earned $1.19 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. As a group, analysts predict that CBRE Group, Inc. will post 7.78 EPS for the current year.
Insider Buying and Selling at CBRE Group
In other news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction dated 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. This trade represents a 2.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad Doellinger sold 228 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were 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. The trade was 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. Company insiders own 0.46% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on CBRE. Evercore reiterated an “outperform” rating and issued a $175.00 price objective on shares of CBRE Group in a report on Thursday, July 30th. Keefe, Bruyette & Woods dropped their target price on shares of CBRE Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CBRE Group in a research report on Friday, August 21st. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, UBS Group increased 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. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and an average target price of $178.40.
Get Our Latest Research Report on CBRE
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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