CBRE Group, Inc. $CBRE Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 140.6% during the 1st quarter, Holdings Channel.com reports. The fund owned 109,562 shares of the financial services provider’s stock after buying an additional 64,026 shares during the period. Fifth Third Bancorp’s holdings in CBRE Group were worth $14,841,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CBRE. Swiss RE Ltd. purchased a new position in CBRE Group during the 4th quarter valued at about $25,000. Navalign LLC purchased a new stake in shares of CBRE Group in the fourth quarter valued at about $29,000. Ascentis Independent Advisors purchased a new position in shares of CBRE Group during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC increased its stake in shares of CBRE Group by 5,180.0% during the 1st quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CBRE Group during the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CBRE. Keefe, Bruyette & Woods raised their price target on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Evercore set a $169.00 price objective on CBRE Group in a research note on Tuesday, June 30th. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Barclays upped their target price on shares of CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, UBS Group reaffirmed a “buy” rating on shares of CBRE Group in a research note on Wednesday, June 17th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.86.

CBRE Group Stock Performance

NYSE:CBRE opened at $133.16 on Wednesday. The company has a market cap of $38.99 billion, a P/E ratio of 30.33 and a beta of 1.20. The firm’s 50 day moving average is $134.68 and its two-hundred day moving average is $145.17. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.48. The company had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Analysts expect that CBRE Group, Inc. will post 7.71 EPS for the current year.

Insider Activity at CBRE Group

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

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.