Magnetar Financial LLC grew its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 967.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,589 shares of the financial services provider's stock after acquiring an additional 44,944 shares during the period. Magnetar Financial LLC's holdings in CBRE Group were worth $7,813,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of CBRE. Silvant Capital Management LLC bought a new position in CBRE Group during the 3rd quarter valued at approximately $2,293,000. Quadrant Capital Group LLC grew its position in shares of CBRE Group by 1.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 8,979 shares of the financial services provider's stock worth $1,415,000 after buying an additional 120 shares during the last quarter. Bank of Montreal Can grew its position in shares of CBRE Group by 16.7% in the 3rd quarter. Bank of Montreal Can now owns 298,533 shares of the financial services provider's stock worth $47,037,000 after buying an additional 42,699 shares during the last quarter. Legal & General Group Plc increased its stake in shares of CBRE Group by 2.6% during the third quarter. Legal & General Group Plc now owns 2,121,144 shares of the financial services provider's stock valued at $334,207,000 after buying an additional 52,985 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in shares of CBRE Group during the third quarter valued at approximately $337,000. 98.41% of the stock is owned by institutional investors.
CBRE Group Stock Down 1.8%
Shares of NYSE:CBRE opened at $134.50 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.09. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $174.27. The firm has a market capitalization of $39.70 billion, a P/E ratio of 34.84 and a beta of 1.33. The stock has a 50 day moving average price of $157.89 and a 200-day moving average price of $158.45.
CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.05. The company had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.67 billion. CBRE Group had a return on equity of 21.75% and a net margin of 2.85%.The firm's revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.32 earnings per share. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. As a group, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
CBRE has been the subject of a number of research analyst reports. Raymond James Financial set a $180.00 price target on CBRE Group and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Barclays boosted their price objective on shares of CBRE Group from $190.00 to $192.00 and gave the company an "overweight" rating in a research report on Tuesday, January 13th. Weiss Ratings lowered shares of CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 13th. Keefe, Bruyette & Woods cut their target price on shares of CBRE Group from $192.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, February 13th. Finally, UBS Group upgraded shares of 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 research report on Sunday, February 22nd. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.43.
Get Our Latest Stock Report on CBRE
Insider Buying and Selling
In other news, CFO Emma E. Giamartino sold 9,223 shares of the business'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 sale, the chief financial officer owned 126,501 shares in the company, valued at approximately $18,799,313.61. The trade was a 6.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.42% of the company's stock.
About CBRE Group
(
Free Report)
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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