Allstate Corp Acquires 11,587 Shares of CBRE Group, Inc. $CBRE

Key Points

• Allstate Corp more than doubled its stake in CBRE Group in the fourth quarter, buying 11,587 additional shares and bringing its total holdings to 23,063 shares valued at about $3.7 million.
• CBRE Group reported a strong quarterly beat, with EPS of $1.61 versus the $1.13 estimate and revenue of $10.53 billion, up 18.1% year over year.
• Analysts remain broadly positive on CBRE, with eight Buy ratings and a consensus price target of $180.29, even as one recent insider sale and a smaller downgrade from Weiss Ratings were noted.

Allstate Corp raised its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 101.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,063 shares of the financial services provider's stock after purchasing an additional 11,587 shares during the period. Allstate Corp's holdings in CBRE Group were worth $3,708,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Parallel Advisors LLC boosted its holdings in CBRE Group by 1.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,773 shares of the financial services provider's stock valued at $594,000 after purchasing an additional 71 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of CBRE Group by 1.7% during the 3rd quarter. NewEdge Advisors LLC now owns 4,367 shares of the financial services provider's stock worth $688,000 after acquiring an additional 71 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of CBRE Group by 37.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 267 shares of the financial services provider's stock worth $43,000 after acquiring an additional 73 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of CBRE Group by 3.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider's stock worth $306,000 after acquiring an additional 75 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of CBRE Group by 11.0% during the 3rd quarter. Larson Financial Group LLC now owns 778 shares of the financial services provider's stock worth $123,000 after acquiring an additional 77 shares during the period. Institutional investors own 98.41% of the company's stock.

CBRE Group Price Performance

CBRE stock opened at $130.02 on Thursday. The company has a market capitalization of $38.07 billion, a P/E ratio of 29.62 and a beta of 1.28. The company has a fifty day moving average price of $139.40 and a 200-day moving average price of $150.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08. CBRE Group, Inc. has a 52-week low of $121.83 and a 52-week high of $174.27.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The company had revenue of $10.53 billion for the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. CBRE Group'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, equities analysts expect that CBRE Group, Inc. will post 7.72 EPS for the current year.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,250 shares of the business's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the sale, the chief financial officer owned 110,729 shares of the company's stock, valued at $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 471 shares of the business's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the completion of the sale, the insider directly owned 42,519 shares in the company, valued at approximately $5,676,711.69. This represents a 1.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,944 shares of company stock worth $387,153. 0.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

CBRE has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, April 25th. UBS Group raised shares of CBRE Group from a "neutral" rating to a "buy" rating and upped their price target for the stock from $175.00 to $185.00 in a report on Sunday, February 22nd. Evercore reaffirmed an "outperform" rating and set a $179.00 price target on shares of CBRE Group in a report on Friday, April 24th. Weiss Ratings downgraded shares of CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. Finally, Barclays upped their price objective on shares of CBRE Group from $175.00 to $178.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and a consensus price target of $180.29.

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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