New York State Teachers Retirement System trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 297,458 shares of the financial services provider's stock after selling 7,246 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of CBRE Group worth $47,828,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of CBRE. Thrivent Financial for Lutherans lifted its stake in shares of CBRE Group by 12.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider's stock valued at $99,575,000 after purchasing an additional 70,670 shares during the last quarter. Principal Financial Group Inc. lifted its position in CBRE Group by 9.4% in 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 buying an additional 809,796 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in CBRE Group by 43.0% during the third quarter. Smartleaf Asset Management LLC now owns 11,435 shares of the financial services provider's stock worth $1,818,000 after buying an additional 3,438 shares during the period. Donoghue Forlines LLC acquired a new stake in shares of CBRE Group during the third quarter valued at about $2,104,000. Finally, Cornerstone Investment Partners LLC increased its position in shares of CBRE Group by 13.7% during the third quarter. Cornerstone Investment Partners LLC now owns 392,759 shares of the financial services provider's stock valued at $61,883,000 after acquiring an additional 47,460 shares during the last quarter. Institutional investors own 98.41% of the company's stock.
CBRE Group Price Performance
CBRE Group stock opened at $142.02 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $41.59 billion, a PE ratio of 32.35 and a beta of 1.28. The business has a 50 day simple moving average of $140.94 and a 200-day simple moving average of $153.34. CBRE Group, Inc. has a 12 month low of $118.81 and a 12 month high of $174.27.
CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the business posted $0.86 earnings per share. The business's revenue was up 18.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Equities analysts predict that CBRE Group, Inc. will post 7.72 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have commented on CBRE shares. Barclays raised their price target on shares of CBRE Group from $174.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, April 14th. Weiss Ratings raised CBRE Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, April 24th. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, April 25th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $170.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, April 24th. Finally, Evercore reiterated an "outperform" rating and set a $179.00 target price on shares of CBRE Group in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $179.86.
View Our Latest Analysis on CBRE
Insiders Place Their Bets
In other CBRE Group news, CFO Emma E. Giamartino sold 9,223 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chad J. Doellinger sold 471 shares of the stock in a transaction that occurred 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 9,810 shares of company stock valued at $1,448,600. 0.46% of the stock is owned by corporate insiders.
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.
Further Reading
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