Jennison Associates LLC Decreases Holdings in CBRE Group, Inc. $CBRE

Key Points

• Jennison Associates trimmed its position in CBRE by 2.7% in Q4, selling 7,322 shares and now holding 268,456 shares worth $43,165,000 (about 0.09% of the company).
• CBRE beat expectations for the quarter with $1.61 EPS (vs. $1.13 expected) and $10.53B revenue (vs. $10.22B), reported 18.1% YoY revenue growth, and set FY2026 guidance of 7.600–7.800 EPS (analysts’ consensus ~7.72).
• While insiders have been net sellers (CFO sold 9,223 shares; ~9,810 shares sold totaling ~$1.45M in the last 90 days), Wall Street has largely upgraded CBRE to a Buy consensus with an average target of $179.86.

Jennison Associates LLC reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,456 shares of the financial services provider's stock after selling 7,322 shares during the period. Jennison Associates LLC owned 0.09% of CBRE Group worth $43,165,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its position in shares of CBRE Group by 0.8% during the 3rd quarter. State Street Corp now owns 13,839,768 shares of the financial services provider's stock worth $2,180,594,000 after purchasing an additional 105,586 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of CBRE Group by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider's stock worth $1,491,855,000 after purchasing an additional 809,796 shares during the last quarter. Invesco Ltd. raised its position in shares of CBRE Group by 16.1% during the 3rd quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider's stock worth $981,795,000 after purchasing an additional 862,656 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of CBRE Group by 13.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider's stock worth $704,610,000 after purchasing an additional 532,151 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of CBRE Group by 8.8% during the 3rd quarter. Artisan Partners Limited Partnership now owns 4,021,991 shares of the financial services provider's stock worth $633,705,000 after purchasing an additional 323,998 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Trading Down 0.5%

CBRE stock opened at $142.02 on Friday. The company has a market cap of $41.59 billion, a price-to-earnings ratio of 32.35 and a beta of 1.28. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $140.94 and a 200-day simple moving average of $153.34. CBRE Group, Inc. has a 52 week low of $118.81 and a 52 week high of $174.27.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.48. The business had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The business's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, equities research analysts expect 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 9,223 shares of the company's stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the completion of the sale, the chief financial officer directly owned 126,501 shares of the company's stock, valued at approximately $18,799,313.61. This represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 471 shares of the company'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 sale, the insider directly owned 42,519 shares of the company's stock, valued at approximately $5,676,711.69. This trade represents 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 ninety days, insiders have sold 9,810 shares of company stock valued at $1,448,600. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CBRE shares. Barclays lifted their price objective on CBRE Group from $174.00 to $175.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Evercore reiterated an "outperform" rating and issued a $179.00 price target on shares of CBRE Group in a report on Friday, April 24th. Weiss Ratings upgraded CBRE Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, April 24th. Finally, UBS Group upgraded CBRE Group from a "neutral" rating to a "buy" rating and boosted their price target for the company from $175.00 to $185.00 in a report on Sunday, February 22nd. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $179.86.

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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