OP Asset Management Ltd Invests $7.91 Million in CBRE Group, Inc. $CBRE

OP Asset Management Ltd bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 58,384 shares of the financial services provider’s stock, valued at approximately $7,909,000.

Several other hedge funds have also bought and sold shares of CBRE. Assenagon Asset Management S.A. lifted its position in shares of CBRE Group by 23.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,561,593 shares of the financial services provider’s stock valued at $211,533,000 after buying an additional 292,371 shares in the last quarter. Cidel Asset Management Inc. raised its stake in CBRE Group by 17.6% during the 1st quarter. Cidel Asset Management Inc. now owns 2,148 shares of the financial services provider’s stock worth $291,000 after acquiring an additional 322 shares during the period. Krilogy Financial LLC raised its stake in CBRE Group by 211.9% during the 1st quarter. Krilogy Financial LLC now owns 5,972 shares of the financial services provider’s stock worth $883,000 after acquiring an additional 4,057 shares during the period. Signal Advisors Wealth LLC purchased a new position in CBRE Group during the first quarter valued at approximately $703,000. Finally, Telos Capital Management Inc. lifted its holdings in CBRE Group by 9.1% during the first quarter. Telos Capital Management Inc. now owns 52,693 shares of the financial services provider’s stock valued at $7,138,000 after purchasing an additional 4,414 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 0.4%

Shares of CBRE stock opened at $134.51 on Friday. The company has a market cap of $39.39 billion, a PE ratio of 30.64 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 stock’s 50 day simple moving average is $137.00 and its two-hundred day simple moving average is $147.12. 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 posted 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. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The company had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. CBRE Group’s quarterly 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. Research analysts predict that CBRE Group, Inc. will post 7.65 earnings per share for the current year.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the sale, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at $14,476,709.46. The trade was a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Barclays lifted their target price on shares of CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. UBS Group reaffirmed a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Evercore reiterated an “outperform” rating and issued a $179.00 price target on shares of CBRE Group in a research note on Friday, April 24th. Finally, Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.29.

About CBRE Group

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.