Triavera Capital LLC grew its position in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 9.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,995 shares of the financial services provider’s stock after acquiring an additional 6,800 shares during the quarter. CBRE Group comprises 6.1% of Triavera Capital LLC’s holdings, making the stock its 6th largest holding. Triavera Capital LLC’s holdings in CBRE Group were worth $12,604,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of CBRE. Norges Bank bought a new stake in CBRE Group during the 2nd quarter valued at $544,554,000. Principal Financial Group Inc. raised its holdings in 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 worth $1,491,855,000 after buying an additional 809,796 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of CBRE Group by 210.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,083,413 shares of the financial services provider’s stock valued at $151,808,000 after buying an additional 734,563 shares in the last quarter. AGF Management Ltd. grew its holdings in shares of CBRE Group by 6,364.1% during the third quarter. AGF Management Ltd. now owns 737,947 shares of the financial services provider’s stock valued at $116,271,000 after buying an additional 726,531 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of CBRE Group by 13.5% during 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 buying an additional 532,151 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently commented on CBRE. Barclays boosted their target price on shares of CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Raymond James Financial set a $180.00 price target on CBRE Group and gave the company an “outperform” rating in a research note on Thursday, February 12th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Keefe, Bruyette & Woods lowered their price objective on CBRE Group from $192.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Finally, Weiss Ratings lowered CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $182.43.
Insider Buying and Selling at CBRE Group
In other news, CFO Emma E. Giamartino sold 9,223 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $148.61, for a total value of $1,370,630.03. Following the transaction, the chief financial officer owned 126,501 shares in the company, valued at $18,799,313.61. The trade was a 6.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by insiders.
CBRE Group Stock Performance
Shares of CBRE stock opened at $136.95 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50-day moving average of $159.01 and a 200-day moving average of $158.84. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $174.27. The company has a market cap of $40.42 billion, a P/E ratio of 35.48 and a beta of 1.33.
CBRE Group (NYSE:CBRE – Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.73 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.32 earnings per share. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. Equities research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.
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.
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