Bleakley Financial Group LLC Purchases New Shares in CBRE Group, Inc. $CBRE

Key Points

• Bleakley Financial Group opened a new position in CBRE Group during the fourth quarter, buying 13,224 shares worth about $2.13 million.
• CBRE reported strong quarterly results, with EPS of $1.61 versus the $1.13 consensus and revenue of $10.53 billion, up 18.1% year over year.
• Wall Street remains bullish on CBRE: eight analysts rate it a Buy, with an average price target of $180.29, while the stock recently traded around $130.02.

Bleakley Financial Group LLC purchased a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,224 shares of the financial services provider's stock, valued at approximately $2,126,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Navalign LLC purchased a new stake in CBRE Group in the 4th quarter valued at $29,000. Ameriflex Group Inc. bought a new position in CBRE Group in the 3rd quarter valued at $32,000. Bank of Jackson Hole Trust bought a new position in CBRE Group in the 3rd quarter valued at $38,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in CBRE Group in the 4th quarter valued at $42,000. Finally, SBI Securities Co. Ltd. grew its stake in CBRE Group by 37.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 267 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 73 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Up 0.2%

Shares of NYSE CBRE opened at $130.02 on Thursday. CBRE Group, Inc. has a one year low of $121.83 and a one year high of $174.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08. The business's fifty day moving average price is $139.40 and its 200-day moving average price is $150.90. The stock has a market capitalization of $38.07 billion, a PE ratio of 29.62 and a beta of 1.28.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.48. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The company had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the company posted $0.86 EPS. The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, equities research analysts anticipate that CBRE Group, Inc. will post 7.72 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,250 shares of the business's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction of $294,165.00. Following the sale, the chief financial officer directly owned 110,729 shares in the company, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 shares were sold at an average price of $133.51, for a total value of $62,883.21. Following the sale, the insider owned 42,519 shares in the company, valued at approximately $5,676,711.69. The trade was a 1.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 2,944 shares of company stock worth $387,153. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CBRE has been the topic of a number of recent research reports. UBS Group raised CBRE Group from a "neutral" rating to a "buy" rating and upped their price target for the company from $175.00 to $185.00 in a research report on Sunday, February 22nd. Raymond James Financial set a $180.00 price target on CBRE Group and gave the company an "outperform" rating in a research report on Thursday, February 12th. Evercore reaffirmed an "outperform" rating and set a $179.00 price target on shares of CBRE Group in a research report on Friday, April 24th. Jefferies Financial Group reaffirmed a "buy" rating on shares of CBRE Group in a research report on Friday, May 15th. Finally, Barclays upped their price target on CBRE Group from $175.00 to $178.00 and gave the company an "overweight" rating in a research report on Tuesday, May 5th. Eight research 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 stock currently has an average rating of "Moderate Buy" and an average price target of $180.29.

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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