Franklin Resources Inc. Purchases 74,493 Shares of CBRE Group, Inc. $CBRE

Franklin Resources Inc. raised its position in CBRE Group, Inc. (NYSE:CBRE) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,959,767 shares of the financial services provider’s stock after purchasing an additional 74,493 shares during the quarter. Franklin Resources Inc.’s holdings in CBRE Group were worth $475,901,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of CBRE Group during the fourth quarter worth about $643,405,000. Viking Global Investors LP bought a new stake in CBRE Group during the 3rd quarter worth approximately $190,648,000. Northwestern Mutual Wealth Management Co. grew its holdings in CBRE Group by 5,115.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock worth $163,581,000 after acquiring an additional 997,848 shares during the last quarter. Invesco Ltd. increased its position in CBRE Group by 16.1% in the 3rd quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock valued at $981,795,000 after acquiring an additional 862,656 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of CBRE Group during the fourth quarter valued at $71,419,000. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Up 0.5%

Shares of NYSE:CBRE opened at $131.64 on Tuesday. The company has a market capitalization of $38.55 billion, a price-to-earnings ratio of 29.99 and a beta of 1.21. CBRE Group, Inc. has a 1 year low of $121.69 and a 1 year high of $174.27. The business’s 50-day moving average is $138.42 and its 200-day moving average is $149.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.13 by $0.48. The company had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Equities research analysts predict that CBRE Group, Inc. will post 7.65 earnings per share for the current year.

Insider Activity at CBRE Group

In other CBRE Group news, 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 value of $62,883.21. Following the transaction, the insider owned 42,519 shares in the company, valued at approximately $5,676,711.69. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the transaction, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 2,944 shares of company stock worth $387,153. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CBRE shares. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. UBS Group upgraded CBRE Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $175.00 to $185.00 in a research report on Sunday, February 22nd. Barclays increased their price target on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Evercore restated an “outperform” rating and set a $179.00 price objective on shares of CBRE Group in a research report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $180.29.

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.