CBRE Group, Inc. $CBRE Shares Acquired by Geode Capital Management LLC

Key Points

• Geode Capital Management increased its CBRE stake by 1.8% in the fourth quarter, ending with 8.48 million shares worth about $1.37 billion. Institutional ownership remains very high, with funds and hedge funds holding 98.41% of the stock.
• CBRE shares were down 3.0% to $126.27, near the lower end of their 52-week range. The company has a market value of $36.97 billion and trades below both its 50-day and 200-day moving averages.
• CBRE reported strong quarterly earnings, beating expectations with $1.61 EPS versus $1.13 expected and revenue of $10.53 billion, up 18.1% year over year. Analysts remain constructive overall, with an average Moderate Buy rating and a $180.29 target price.

Geode Capital Management LLC raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,475,131 shares of the financial services provider's stock after acquiring an additional 151,027 shares during the period. Geode Capital Management LLC owned approximately 2.85% of CBRE Group worth $1,369,409,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CBRE. Viking Global Investors LP acquired a new stake in shares of CBRE Group during the third quarter valued at about $190,648,000. Northwestern Mutual Wealth Management Co. increased its position in shares of CBRE Group by 5,115.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider's stock valued at $163,581,000 after acquiring an additional 997,848 shares during the last quarter. Invesco Ltd. increased its position in shares of CBRE Group by 16.1% during the third quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider's stock valued at $981,795,000 after acquiring an additional 862,656 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CBRE Group by 9.4% during the third quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider's stock valued at $1,491,855,000 after acquiring an additional 809,796 shares during the last quarter. Finally, AGF Management Ltd. increased its position in shares of CBRE Group by 6,364.1% during the third quarter. AGF Management Ltd. now owns 737,947 shares of the financial services provider's stock valued at $116,271,000 after acquiring an additional 726,531 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Trading Down 3.0%

NYSE CBRE opened at $126.27 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a 52 week low of $121.83 and a 52 week high of $174.27. The stock has a market capitalization of $36.97 billion, a PE ratio of 28.76 and a beta of 1.28. The firm has a 50 day moving average of $139.20 and a two-hundred day moving average of $150.72.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 EPS 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 during the quarter, compared to analysts' expectations of $10.22 billion. During the same quarter in the previous year, the business posted $0.86 EPS. The firm's revenue 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, research analysts expect that CBRE Group, Inc. will post 7.72 EPS for the current fiscal year.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 471 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total transaction of $62,883.21. Following the completion of the transaction, the insider owned 42,519 shares in the company, valued at $5,676,711.69. The trade was a 1.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 2,250 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer owned 110,729 shares of the company's stock, valued at $14,476,709.46. This trade represents a 1.99% 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. Insiders have sold a total of 2,944 shares of company stock valued at $387,153 in the last quarter. 0.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, April 25th. Weiss Ratings cut shares of CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. Evercore restated an "outperform" rating and issued a $179.00 price objective on shares of CBRE Group in a report on Friday, April 24th. Raymond James Financial set a $180.00 price objective on shares of CBRE Group and gave the company an "outperform" rating in a report on Thursday, February 12th. Finally, Jefferies Financial Group restated a "buy" rating on shares of CBRE Group in a report on Friday, May 15th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and an average target price of $180.29.

CBRE Group Company 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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