Sumitomo Mitsui Trust Group Inc. reduced its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 747,165 shares of the financial services provider's stock after selling 39,229 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of CBRE Group worth $120,137,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of CBRE. Brighton Jones LLC grew its stake in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after purchasing an additional 11,065 shares during the last quarter. Woodline Partners LP grew its stake in shares of CBRE Group by 38.2% in the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider's stock valued at $3,266,000 after purchasing an additional 6,908 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of CBRE Group by 67.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 179 shares during the last quarter. First Trust Advisors LP grew its stake in shares of CBRE Group by 41.3% in the 2nd quarter. First Trust Advisors LP now owns 24,792 shares of the financial services provider's stock valued at $3,474,000 after purchasing an additional 7,242 shares during the last quarter. Finally, Walleye Capital LLC grew its stake in shares of CBRE Group by 54.6% in the 2nd quarter. Walleye Capital LLC now owns 4,895 shares of the financial services provider's stock valued at $686,000 after purchasing an additional 1,728 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have weighed in on CBRE. Raymond James Financial set a $180.00 target price on CBRE Group and gave the company an "outperform" rating in a research note on Thursday, February 12th. Weiss Ratings downgraded CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 13th. UBS Group upgraded CBRE Group from a "neutral" rating to a "buy" rating and lifted their price target for the company from $175.00 to $185.00 in a research note on Sunday, February 22nd. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Finally, Keefe, Bruyette & Woods decreased their price target 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. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $179.86.
Read Our Latest Stock Report on CBRE
Insider Buying and Selling at CBRE Group
In related news, insider Chad J. Doellinger sold 471 shares of CBRE Group stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 9,223 shares of CBRE Group 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 transaction, the chief financial officer directly owned 126,501 shares of the company's stock, valued at approximately $18,799,313.61. This represents a 6.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 9,810 shares of company stock valued at $1,448,600. 0.42% of the stock is currently owned by insiders.
CBRE Group Stock Up 3.3%
CBRE Group stock opened at $145.85 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.09 and a quick ratio of 1.09. CBRE Group, Inc. has a 1-year low of $113.74 and a 1-year high of $174.27. The company has a market cap of $42.75 billion, a PE ratio of 37.78 and a beta of 1.34. The stock's 50 day moving average price is $142.77 and its 200 day moving average price is $153.93.
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. The firm had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.67 billion. CBRE Group had a return on equity of 21.75% and a net margin of 2.85%.The company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.32 earnings per share. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. On average, sell-side analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.
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.
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