Adelante Capital Management LLC Makes New $6.17 Million Investment in CBRE Group, Inc. $CBRE

Adelante Capital Management LLC purchased a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 133,209 shares of the financial services provider's stock, valued at approximately $6,174,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC raised its stake in CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after purchasing an additional 11,065 shares during the last quarter. Woodline Partners LP grew its stake in CBRE Group by 38.2% in the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider's stock worth $3,266,000 after acquiring an additional 6,908 shares during the period. Geneos Wealth Management Inc. grew its stake in CBRE Group by 67.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider's stock worth $58,000 after acquiring an additional 179 shares during the period. First Trust Advisors LP raised its holdings in CBRE Group by 41.3% in the 2nd quarter. First Trust Advisors LP now owns 24,792 shares of the financial services provider's stock valued at $3,474,000 after acquiring an additional 7,242 shares during the last quarter. Finally, Walleye Capital LLC lifted its stake in shares of CBRE Group by 54.6% during the 2nd quarter. Walleye Capital LLC now owns 4,895 shares of the financial services provider's stock worth $686,000 after purchasing an additional 1,728 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods upped their target price on CBRE Group from $158.00 to $174.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Weiss Ratings reissued a "hold (c+)" rating on shares of CBRE Group in a research note on Friday, August 21st. Barclays lifted their price target on CBRE Group from $180.00 to $183.00 and gave the company an "overweight" rating in a report on Monday, August 17th. Jefferies Financial Group reaffirmed a "buy" rating on shares of CBRE Group in a research note on Friday, May 15th. Finally, Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $180.33.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 228 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the transaction, the insider owned 41,778 shares in the company, valued at $6,195,259.62. This represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction that occurred 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 in the company, valued at $16,086,350.91. This represents a 2.03% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. 0.46% of the stock is currently owned by corporate insiders.

CBRE Group Stock Performance

Shares of NYSE:CBRE opened at $150.36 on Thursday. The business has a 50-day moving average of $142.98 and a two-hundred day moving average of $140.81. The firm has a market capitalization of $43.54 billion, a PE ratio of 34.49 and a beta of 1.18. 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, 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 issued its 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 business had revenue of $11.23 billion during the quarter, compared to analysts' expectations of $11.18 billion. During the same quarter in the previous year, the business earned $1.19 EPS. The company's revenue for the quarter 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, research analysts forecast that CBRE Group, Inc. will post 7.77 earnings per share for the current year.

About CBRE Group

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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