Greenland Capital Management LP bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,709 shares of the financial services provider’s stock, valued at approximately $6,414,000.
Other institutional investors also recently bought and sold shares of the company. Obermeyer Wealth Partners increased its position in shares of CBRE Group by 2.8% during the second quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 66 shares in the last quarter. NewSquare Capital LLC grew its stake in CBRE Group by 40.7% during the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after buying an additional 68 shares during the last quarter. Fidelis Capital Partners LLC grew its stake in CBRE Group by 1.6% during the 2nd quarter. Fidelis Capital Partners LLC now owns 4,292 shares of the financial services provider’s stock worth $601,000 after buying an additional 69 shares during the last quarter. Advisors Capital Management LLC increased its position in CBRE Group by 4.0% during the 2nd quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider’s stock valued at $264,000 after buying an additional 73 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its stake in CBRE Group by 3.6% in the second quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider’s stock valued at $306,000 after buying an additional 75 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on CBRE shares. Barclays boosted their price target on CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Keefe, Bruyette & Woods dropped their target price on shares of CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. UBS Group upgraded shares of CBRE Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $175.00 to $185.00 in a research note on Sunday. Wall Street Zen cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings downgraded shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and an average target price of $182.43.
CBRE Group Stock Down 2.0%
Shares of CBRE stock opened at $144.10 on Tuesday. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $174.27. The stock has a market cap of $42.53 billion, a P/E ratio of 37.33 and a beta of 1.34. The stock has a 50 day moving average of $162.36 and a 200 day moving average of $159.68. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.55.
CBRE Group (NYSE:CBRE – Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.05. The business had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.67 billion. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $2.32 EPS. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. As a group, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.
CBRE Group Company 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.
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