Knights of Columbus Asset Advisors LLC Purchases 11,413 Shares of CBRE Group, Inc. $CBRE

Key Points

• Knights of Columbus Asset Advisors boosted its CBRE Group stake by 82.4% in the fourth quarter, buying 11,413 additional shares and bringing its total holding to 25,265 shares worth about $4.06 million.
• CBRE Group reported strong quarterly results, with EPS of $1.61 beating estimates and revenue of $10.53 billion topping expectations, while revenue rose 18.1% year over year.
• Analysts remain constructive on CBRE, with multiple price target increases and a consensus rating of “Moderate Buy” and target price of $180.29, even as some insiders have recently sold shares.

Knights of Columbus Asset Advisors LLC lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 82.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,265 shares of the financial services provider's stock after acquiring an additional 11,413 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in CBRE Group were worth $4,062,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CBRE. Navalign LLC bought a new stake in shares of CBRE Group during the fourth quarter worth $29,000. Ameriflex Group Inc. bought a new stake in CBRE Group in the third quarter valued at about $32,000. Bank of Jackson Hole Trust bought a new stake in CBRE Group in the third quarter valued at about $38,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CBRE Group in the fourth quarter valued at about $42,000. Finally, SBI Securities Co. Ltd. increased its holdings in CBRE Group by 37.6% in the fourth 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 last quarter. Institutional investors own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the business's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the transaction, the chief financial officer directly owned 110,729 shares of the company's stock, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The transaction 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, insider Chad J. Doellinger sold 471 shares of the business's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total value of $62,883.21. Following the completion of the transaction, the insider directly owned 42,519 shares of the company's stock, valued at approximately $5,676,711.69. The trade was a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 2,944 shares of company stock valued at $387,153. Insiders own 0.46% of the company's stock.

CBRE Group Stock Up 0.2%

NYSE:CBRE opened at $130.02 on Thursday. CBRE Group, Inc. has a 1 year low of $121.83 and a 1 year high of $174.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The stock has a market cap of $38.07 billion, a price-to-earnings ratio of 29.62 and a beta of 1.28. The stock has a 50-day moving average price of $139.40 and a two-hundred day moving average price of $150.90.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results 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 firm had revenue of $10.53 billion during the quarter, compared to analysts' expectations of $10.22 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. The company'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, equities analysts expect that CBRE Group, Inc. will post 7.72 earnings per share for the current year.

Analysts Set New Price Targets

CBRE has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $170.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, April 24th. UBS Group upgraded CBRE Group from a "neutral" rating to a "buy" rating and upped their price objective for the company from $175.00 to $185.00 in a report on Sunday, February 22nd. Weiss Ratings downgraded CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. Barclays upped their price objective on CBRE Group from $175.00 to $178.00 and gave the company an "overweight" rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.