London Co. of Virginia Lowers Stock Holdings in CBRE Group, Inc. $CBRE

London Co. of Virginia trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 6.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,096,232 shares of the financial services provider’s stock after selling 73,510 shares during the period. London Co. of Virginia’s holdings in CBRE Group were worth $176,264,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc lifted its stake in shares of CBRE Group by 2.6% in the third quarter. Legal & General Group Plc now owns 2,121,144 shares of the financial services provider’s stock worth $334,207,000 after buying an additional 52,985 shares in the last quarter. AIA Group Ltd bought a new position in shares of CBRE Group in the third quarter worth approximately $1,734,000. Alberta Investment Management Corp purchased a new position in CBRE Group in the 3rd quarter worth approximately $5,026,000. King Luther Capital Management Corp raised its holdings in CBRE Group by 554.2% in the 3rd quarter. King Luther Capital Management Corp now owns 23,602 shares of the financial services provider’s stock worth $3,719,000 after acquiring an additional 19,994 shares during the last quarter. Finally, NEOS Investment Management LLC raised its holdings in CBRE Group by 66.0% in the 3rd quarter. NEOS Investment Management LLC now owns 65,343 shares of the financial services provider’s stock worth $10,295,000 after acquiring an additional 25,983 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the sale, the chief financial officer owned 110,729 shares of the company’s stock, valued at $14,476,709.46. The trade was a 1.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is currently owned by insiders.

CBRE Group Trading Up 1.0%

NYSE:CBRE opened at $135.53 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a 12 month low of $121.69 and a 12 month high of $174.27. The company has a market cap of $39.69 billion, a PE ratio of 30.87 and a beta of 1.21. The company has a 50 day simple moving average of $138.36 and a two-hundred day simple moving average of $148.55.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Research analysts forecast that CBRE Group, Inc. will post 7.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CBRE. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Barclays boosted their price objective on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.29.

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.