Cornerstone Advisors LLC Lowers Stock Position in CBRE Group, Inc. $CBRE

Cornerstone Advisors LLC decreased its position in CBRE Group, Inc. (NYSE:CBRE) by 25.6% in the third quarter, Holdings Channel reports. The institutional investor owned 11,600 shares of the financial services provider’s stock after selling 4,000 shares during the period. Cornerstone Advisors LLC’s holdings in CBRE Group were worth $1,828,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CBRE. King Luther Capital Management Corp increased its stake in shares of CBRE Group by 554.2% in the 3rd quarter. King Luther Capital Management Corp now owns 23,602 shares of the financial services provider’s stock valued at $3,719,000 after purchasing an additional 19,994 shares in the last quarter. Alberta Investment Management Corp purchased a new position in CBRE Group during the third quarter worth approximately $5,026,000. Syon Capital LLC grew its holdings in CBRE Group by 9.1% in the third quarter. Syon Capital LLC now owns 7,031 shares of the financial services provider’s stock valued at $1,108,000 after purchasing an additional 584 shares during the period. Axxcess Wealth Management LLC purchased a new stake in shares of CBRE Group in the third quarter valued at approximately $212,000. Finally, Crestwood Advisors Group LLC raised its stake in shares of CBRE Group by 2.3% during the 3rd quarter. Crestwood Advisors Group LLC now owns 25,803 shares of the financial services provider’s stock worth $4,066,000 after buying an additional 570 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $151.79 on Thursday. The stock has a market capitalization of $44.80 billion, a price-to-earnings ratio of 39.32 and a beta of 1.34. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $174.27. The firm has a 50-day simple moving average of $163.13 and a 200-day simple moving average of $159.84. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.55.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.05. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The company had revenue of $11.63 billion during the quarter, compared to analysts’ expectations of $11.67 billion. During the same quarter in the prior year, the company earned $2.32 EPS. CBRE Group’s revenue was up 11.8% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. On average, equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CBRE shares. Barclays lifted their price target on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Raymond James Financial set a $180.00 target price on shares of CBRE Group and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Keefe, Bruyette & Woods decreased their price target on shares of CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Finally, Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.00.

CBRE Group 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.