NEOS Investment Management LLC Buys 25,983 Shares of CBRE Group, Inc. $CBRE

NEOS Investment Management LLC raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 66.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 65,343 shares of the financial services provider’s stock after purchasing an additional 25,983 shares during the quarter. NEOS Investment Management LLC’s holdings in CBRE Group were worth $10,295,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in CBRE Group by 12.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock valued at $99,575,000 after purchasing an additional 70,670 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of CBRE Group by 9.4% during the third quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock valued at $1,491,855,000 after buying an additional 809,796 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of CBRE Group by 43.0% during the third quarter. Smartleaf Asset Management LLC now owns 11,435 shares of the financial services provider’s stock worth $1,818,000 after acquiring an additional 3,438 shares in the last quarter. Donoghue Forlines LLC acquired a new stake in shares of CBRE Group in the 3rd quarter worth about $2,104,000. Finally, Machina Capital S.A.S. bought a new position in CBRE Group in the 3rd quarter valued at about $3,605,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CBRE shares. UBS Group increased their price objective on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Raymond James Financial set a $180.00 price target on CBRE Group and gave the company an “outperform” rating in a research report on Thursday, February 12th. Keefe, Bruyette & Woods dropped their price objective on CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Barclays increased their target price on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $181.00.

CBRE Group Stock Performance

NYSE CBRE opened at $141.23 on Wednesday. The company has a market capitalization of $41.69 billion, a PE ratio of 36.59 and a beta of 1.34. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.09. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $174.27. The company has a 50-day simple moving average of $163.23 and a 200 day simple moving average of $159.90.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.73 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 business had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.67 billion. During the same period in the prior year, the firm earned $2.32 earnings per share. The company’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, research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.