Silvant Capital Management LLC acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,551 shares of the financial services provider’s stock, valued at approximately $2,293,000.
A number of other hedge funds have also added to or reduced their stakes in CBRE. Parallel Advisors LLC increased its position in shares of CBRE Group by 1.9% during the third quarter. Parallel Advisors LLC now owns 3,773 shares of the financial services provider’s stock valued at $594,000 after buying an additional 71 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of CBRE Group by 1.7% in the third quarter. NewEdge Advisors LLC now owns 4,367 shares of the financial services provider’s stock worth $688,000 after buying an additional 71 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of 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 acquiring an additional 75 shares during the period. Larson Financial Group LLC grew its stake in CBRE Group by 11.0% during the third quarter. Larson Financial Group LLC now owns 778 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 77 shares in the last quarter. Finally, Quotient Wealth Partners LLC grew its stake in CBRE Group by 5.4% during the third quarter. Quotient Wealth Partners LLC now owns 1,517 shares of the financial services provider’s stock valued at $239,000 after acquiring an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Wall Street Zen cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods reduced their price target on shares of CBRE Group from $192.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. UBS Group raised shares of CBRE Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $175.00 to $185.00 in a report on Sunday, February 22nd. Weiss Ratings downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Finally, Barclays dropped their price objective on CBRE Group from $192.00 to $174.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.86.
CBRE Group Stock Up 0.9%
Shares of NYSE:CBRE opened at $136.30 on Wednesday. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $174.27. The firm has a fifty day moving average of $155.02 and a 200 day moving average of $157.42. The firm has a market capitalization of $40.23 billion, a PE ratio of 35.31 and a beta of 1.33. 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 (NYSE:CBRE – Get Free Report) last released its earnings results on Thursday, February 12th. The financial services provider reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.05. CBRE Group had a return on equity of 21.75% and a net margin of 2.85%.The business had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.67 billion. During the same quarter in the prior year, the firm earned $2.32 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. As a group, research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.
Insider Activity
In related 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chad J. Doellinger sold 471 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total value of $62,883.21. Following the completion of the sale, the insider directly owned 42,519 shares of the company’s stock, valued at approximately $5,676,711.69. This represents a 1.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,810 shares of company stock worth $1,448,600 over the last quarter. Corporate insiders own 0.42% of the company’s stock.
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.
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