IFP Advisors Inc Purchases 50,995 Shares of CBRE Group, Inc. $CBRE

Key Points

• IFP Advisors increased its CBRE Group position by 1,536.9% in the third quarter, purchasing 50,995 additional shares and ending with 54,313 shares valued at approximately $6.98 million.
• Analyst sentiment remains favorable, with six Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $178.40.
• CBRE reported quarterly EPS of $1.56, exceeding estimates of $1.47, while revenue rose 15.1% year over year to $11.23 billion. The stock opened at $132.91, below its $174.27 52-week high.

IFP Advisors Inc increased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1,536.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,313 shares of the financial services provider's stock after purchasing an additional 50,995 shares during the quarter. IFP Advisors Inc's holdings in CBRE Group were worth $6,978,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in shares of CBRE Group by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider's stock valued at $1,337,051,000 after buying an additional 302,426 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CBRE Group by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,896,802 shares of the financial services provider's stock valued at $392,368,000 after acquiring an additional 159,482 shares in the last quarter. Swedbank AB boosted its position in shares of CBRE Group by 119.6% during the 1st quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider's stock valued at $348,306,000 after acquiring an additional 1,400,452 shares in the last quarter. Sei Investments Co. increased its stake in CBRE Group by 8.7% in the first quarter. Sei Investments Co. now owns 2,181,413 shares of the financial services provider's stock valued at $295,494,000 after acquiring an additional 175,344 shares during the period. Finally, Amundi increased its stake in CBRE Group by 12.1% in the first quarter. Amundi now owns 1,906,456 shares of the financial services provider's stock valued at $258,249,000 after acquiring an additional 205,493 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of CBRE Group from $180.00 to $183.00 and gave the stock an "overweight" rating in a research report on Monday, August 17th. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. UBS Group upped their price objective on CBRE Group from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Keefe, Bruyette & Woods dropped their target price on CBRE Group from $174.00 to $164.00 and set an "outperform" rating for the company in a report on Friday, October 9th. Finally, Evercore reissued an "outperform" rating and issued a $175.00 target price on shares of CBRE Group in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, CBRE Group has a consensus rating of "Moderate Buy" and an average price target of $178.40.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,250 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $333,652.50. Following the completion of the transaction, the chief financial officer owned 108,479 shares in the company, valued at $16,086,350.91. The trade was a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad Doellinger sold 228 shares of the company's stock in a transaction 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 transaction, the insider directly owned 41,778 shares in the company, valued at approximately $6,195,259.62. This represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,144 shares of company stock worth $767,363 in the last quarter. Insiders own 0.46% of the company's stock.

CBRE Group Trading Down 0.1%

CBRE opened at $132.91 on Monday. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The stock has a market capitalization of $38.49 billion, a PE ratio of 30.48 and a beta of 1.23. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $140.65 and a two-hundred day moving average price of $139.59.

CBRE Group (NYSE:CBRE - Get Free Report) last announced 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 net margin of 2.98% and a return on equity of 25.12%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.18 billion. During the same period in the prior year, the business earned $1.19 earnings per share. CBRE Group's quarterly revenue 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, equities analysts anticipate that CBRE Group, Inc. will post 7.78 earnings per share for the current fiscal year.

About CBRE Group

CBRE Group, Inc NYSE: CBRE is a global commercial real estate services and investment firm. The company provides advisory, transaction, property management, facilities management, project management, valuation, and consulting services to corporate, institutional, and other real estate clients.

Its businesses support the acquisition, development, leasing, operation, and disposition of commercial properties across sectors such as office, industrial and logistics, retail, multifamily, hospitality, and data centers.

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