CBRE Group, Inc. $CBRE Shares Sold by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 16.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 89,429 shares of the financial services provider’s stock after selling 18,064 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in CBRE Group were worth $14,090,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp raised its holdings in CBRE Group by 1.8% during the 2nd quarter. State Street Corp now owns 13,734,182 shares of the financial services provider’s stock worth $1,924,434,000 after buying an additional 236,323 shares during the period. Principal Financial Group Inc. grew its position in CBRE Group by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock worth $1,491,855,000 after purchasing an additional 809,796 shares in the last quarter. Geode Capital Management LLC raised its stake in CBRE Group by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 8,249,441 shares of the financial services provider’s stock valued at $1,158,068,000 after purchasing an additional 134,160 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of CBRE Group by 13.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock valued at $704,610,000 after purchasing an additional 532,151 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of CBRE Group by 8.8% during the third quarter. Artisan Partners Limited Partnership now owns 4,021,991 shares of the financial services provider’s stock valued at $633,705,000 after buying an additional 323,998 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 9,223 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total value of $1,370,630.03. Following the completion of the transaction, the chief financial officer owned 126,501 shares in the company, valued at approximately $18,799,313.61. This represents a 6.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

CBRE Group Price Performance

NYSE CBRE opened at $140.90 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50-day simple moving average of $159.57 and a 200 day simple moving average of $158.98. The stock has a market capitalization of $41.59 billion, a PE ratio of 36.50 and a beta of 1.33. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $174.27.

CBRE Group (NYSE:CBRE) last issued 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. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The firm had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.67 billion. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.32 EPS. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. Research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of research reports. Raymond James Financial set a $180.00 target price on shares of CBRE Group and gave the company an “outperform” rating in a research note on Thursday, February 12th. Barclays boosted their target price on 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 downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $175.00 to $185.00 in a research note on Sunday, February 22nd. Finally, Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $182.43.

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.