Manning & Napier Advisors LLC Invests $98.12 Million in CBRE Group, Inc. $CBRE

Manning & Napier Advisors LLC bought a new position in CBRE Group, Inc. (NYSE:CBRE) in the 2nd quarter, Holdings Channel.com reports. The fund bought 721,001 shares of the financial services provider’s stock, valued at approximately $98,121,000. CBRE Group accounts for about 1.3% of Manning & Napier Advisors LLC’s portfolio, making the stock its 29th largest holding.

A number of other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its stake in CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after buying an additional 11,065 shares in the last quarter. Woodline Partners LP grew its position in shares of CBRE Group by 38.2% in the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock worth $3,266,000 after acquiring an additional 6,908 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of CBRE Group by 67.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 179 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of CBRE Group by 41.3% in the 2nd quarter. First Trust Advisors LP now owns 24,792 shares of the financial services provider’s stock valued at $3,474,000 after acquiring an additional 7,242 shares during the last quarter. Finally, Walleye Capital LLC increased its holdings in shares of CBRE Group by 54.6% in the 2nd quarter. Walleye Capital LLC now owns 4,895 shares of the financial services provider’s stock valued at $686,000 after acquiring an additional 1,728 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 228 shares of CBRE Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $33,810.12. Following the sale, the insider owned 41,778 shares of the company’s stock, valued at $6,195,259.62. The trade was a 0.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total value of $399,900.00. Following the transaction, the chief executive officer owned 134,869 shares of the company’s stock, valued at $20,230,350. This trade represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,144 shares of company stock valued at $767,363 in the last three months. 0.46% of the stock is currently owned by corporate insiders.

CBRE Group Trading Down 0.1%

CBRE Group stock opened at $151.96 on Tuesday. CBRE Group, Inc. has a 52-week low of $121.69 and a 52-week high of $174.27. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $44.00 billion, a price-to-earnings ratio of 34.85 and a beta of 1.18. The firm has a 50-day moving average price of $142.27 and a two-hundred day moving average price of $141.02.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.47 by $0.09. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.18 billion. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. CBRE Group’s revenue was up 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Sell-side analysts expect that CBRE Group, Inc. will post 7.77 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CBRE shares. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. UBS Group lifted their price objective on shares of CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Evercore reiterated an “outperform” rating and set a $175.00 target price on shares of CBRE Group in a research note on Thursday, July 30th. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $158.00 to $174.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.00.

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.