Munich Reinsurance Co Stock Corp in Munich Makes New $2.94 Million Investment in CBRE Group, Inc. $CBRE

Key Points

• Munich Reinsurance Co Stock Corp opened a new position in CBRE in Q3, acquiring 18,657 shares valued at approximately $2.94 million.
• Institutional ownership is very high at 98.41%, with large recent moves including Norges Bank's new stake (~$544.6 million) and Principal Financial's position of ~9.47 million shares (~$1.49 billion).
• Analysts hold a consensus "Moderate Buy" rating with an average target of $182.43, while insiders own just 0.42% and CFO Emma Giamartino recently sold 9,223 shares (~$1.37 million).

Munich Reinsurance Co Stock Corp in Munich acquired a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,657 shares of the financial services provider's stock, valued at approximately $2,940,000.

Other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in CBRE Group in the 2nd quarter worth approximately $544,554,000. Principal Financial Group Inc. grew its position in CBRE Group by 9.4% during the third quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider's stock valued at $1,491,855,000 after acquiring an additional 809,796 shares during the last quarter. Qube Research & Technologies Ltd grew its position in CBRE Group by 210.6% during the second quarter. Qube Research & Technologies Ltd now owns 1,083,413 shares of the financial services provider's stock valued at $151,808,000 after acquiring an additional 734,563 shares during the last quarter. AGF Management Ltd. raised its stake in shares of CBRE Group by 6,364.1% during the third quarter. AGF Management Ltd. now owns 737,947 shares of the financial services provider's stock worth $116,271,000 after acquiring an additional 726,531 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of CBRE Group by 13.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider's stock worth $704,610,000 after acquiring an additional 532,151 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CBRE Group 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 value of $1,370,630.03. Following the completion of the transaction, the chief financial officer directly owned 126,501 shares in the company, 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 can be accessed through the SEC website. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group raised shares of 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 research note on Sunday, February 22nd. Barclays boosted their price target on shares of CBRE Group from $190.00 to $192.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 13th. Raymond James Financial set a $180.00 price target on shares of CBRE Group and gave the company an "outperform" rating in a research report on Thursday, February 12th. Keefe, Bruyette & Woods reduced 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. Finally, Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.43.

CBRE Group Price Performance

Shares of CBRE stock opened at $136.95 on Friday. 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 fifty-two week low of $108.45 and a fifty-two week high of $174.27. The firm has a market cap of $40.42 billion, a P/E ratio of 35.48 and a beta of 1.33. The business's 50 day moving average price is $159.01 and its 200-day moving average price is $158.83.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, February 12th. The financial services provider reported $2.73 EPS 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 company had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.67 billion. During the same quarter in the prior year, the company earned $2.32 earnings per share. 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. On average, equities research analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

CBRE Group Company 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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