Farther Finance Advisors LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 412.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,199 shares of the financial services provider's stock after buying an additional 13,039 shares during the quarter. Farther Finance Advisors LLC's holdings in CBRE Group were worth $2,081,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. QRG Capital Management Inc. boosted its stake in CBRE Group by 5.7% during the first quarter. QRG Capital Management Inc. now owns 135,635 shares of the financial services provider's stock worth $18,373,000 after buying an additional 7,349 shares during the period. Delta Global Management LP raised its stake in shares of CBRE Group by 35.0% in the 4th quarter. Delta Global Management LP now owns 238,553 shares of the financial services provider's stock valued at $38,357,000 after acquiring an additional 61,828 shares during the period. Kornitzer Capital Management Inc. KS lifted its holdings in shares of CBRE Group by 48.1% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 79,154 shares of the financial services provider's stock worth $10,722,000 after acquiring an additional 25,700 shares during the last quarter. Plato Investment Management Ltd acquired a new position in shares of CBRE Group in the 2nd quarter worth approximately $2,209,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of CBRE Group by 1,406.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 28,647 shares of the financial services provider's stock worth $3,881,000 after acquiring an additional 26,746 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.
CBRE Group Price Performance
Shares of CBRE opened at $129.66 on Wednesday. The firm has a market capitalization of $37.55 billion, a price-to-earnings ratio of 17.41 and a beta of 1.23. The firm's fifty day simple moving average is $141.64 and its 200-day simple moving average is $139.61. CBRE Group, Inc. has a twelve month low of $121.69 and a twelve month high of $174.27. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66.
CBRE Group (NYSE:CBRE - Get Free Report) last issued 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 net margin of 2.98% and a return on equity of 25.12%. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $11.18 billion. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The company's 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. Equities analysts forecast that CBRE Group, Inc. will post 7.79 EPS for the current fiscal year.
Insider Activity
In other news, CEO Vikramaditya Kohli sold 2,666 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total transaction of $399,900.00. Following the sale, the chief executive officer owned 134,869 shares of the company's stock, valued at approximately $20,230,350. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $333,652.50. Following the sale, the chief financial officer directly owned 108,479 shares in the company, valued at $16,086,350.91. This trade 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 insiders.
Wall Street Analysts Forecast Growth
CBRE has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CBRE Group in a research report on Friday, August 21st. Barclays boosted their target price on CBRE Group from $180.00 to $183.00 and gave the company an "overweight" rating in a research report on Monday, August 17th. Keefe, Bruyette & Woods decreased their price target on CBRE Group from $174.00 to $164.00 and set an "outperform" rating on the stock in a research note on Friday, October 9th. Evercore restated an "outperform" rating and set a $175.00 price target on shares of CBRE Group in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Six equities 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 $178.40.
View Our Latest Research Report on CBRE
CBRE Group Company Profile
(
Free Report)
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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