Massachusetts Financial Services Co. MA decreased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,454,675 shares of the financial services provider's stock after selling 17,338 shares during the period. Massachusetts Financial Services Co. MA owned about 1.50% of CBRE Group worth $716,267,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of CBRE. Viking Global Investors LP bought a new stake in CBRE Group in the 3rd quarter valued at approximately $190,648,000. Invesco Ltd. raised its stake 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 in the last quarter. Principal Financial Group Inc. raised its stake 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 in the last quarter. AGF Management Ltd. raised its stake in shares of CBRE Group by 6,364.1% during the 3rd quarter. AGF Management Ltd. now owns 737,947 shares of the financial services provider's stock worth $116,271,000 after purchasing an additional 726,531 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of CBRE Group by 36.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,480,833 shares of the financial services provider's stock worth $233,320,000 after purchasing an additional 397,420 shares in the last quarter. Institutional investors own 98.41% of the company's stock.
Insiders Place Their Bets
In related news, CFO Emma E. Giamartino sold 9,223 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $148.61, for a total value 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. This represents a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 471 shares of the stock in a transaction on 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 sale, the insider owned 42,519 shares in the company, valued at approximately $5,676,711.69. This trade represents a 1.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 9,810 shares of company stock worth $1,448,600. 0.42% of the stock is owned by company insiders.
CBRE Group Stock Down 0.9%
CBRE opened at $141.13 on Friday. CBRE Group, Inc. has a 1-year low of $112.54 and a 1-year high of $174.27. The stock's fifty day simple moving average is $143.25 and its 200 day simple moving average is $154.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.55. The stock has a market cap of $41.37 billion, a PE ratio of 36.56 and a beta of 1.34.
CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.73 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.05. CBRE Group had a return on equity of 21.75% and a net margin of 2.85%.The business had revenue of $11.63 billion for the quarter, compared to analysts' expectations of $11.67 billion. During the same quarter in the prior year, the business earned $2.32 EPS. The firm's revenue for the quarter was up 11.8% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. As a group, research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.
Wall Street Analyst Weigh In
CBRE has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their price objective on CBRE Group from $192.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, February 13th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Raymond James Financial set a $180.00 price objective on CBRE Group and gave the stock an "outperform" rating in a research note on Thursday, February 12th. Weiss Ratings cut CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 13th. Finally, Barclays dropped their price objective on CBRE Group from $192.00 to $174.00 and set an "overweight" rating on the stock in a research note on Friday, March 13th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $179.86.
View Our Latest Analysis on CBRE Group
CBRE Group Profile
(
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.
See Also
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