Norges Bank Invests $643.41 Million in CBRE Group, Inc. $CBRE

Norges Bank purchased a new position in CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 4,001,521 shares of the financial services provider’s stock, valued at approximately $643,405,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Eurizon SLJ Capital Ltd bought a new position in shares of CBRE Group in the fourth quarter worth $141,000. Eurizon Capital SGR S.p.A. bought a new position in shares of CBRE Group in the fourth quarter worth $71,419,000. Fideuram Asset Management Ireland dac bought a new position in shares of CBRE Group in the fourth quarter worth $538,000. National Pension Service grew its stake in shares of CBRE Group by 5.2% in the fourth quarter. National Pension Service now owns 567,136 shares of the financial services provider’s stock worth $91,190,000 after purchasing an additional 28,058 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of CBRE Group by 3.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 20,101 shares of the financial services provider’s stock valued at $3,232,000 after buying an additional 594 shares during the period. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 471 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the completion of the sale, the insider directly owned 42,519 shares of the company’s stock, valued at $5,676,711.69. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the sale, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 2,944 shares of company stock valued at $387,153. 0.46% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CBRE shares. UBS Group upgraded CBRE Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $175.00 to $185.00 in a report on Sunday, February 22nd. Weiss Ratings lowered CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Evercore restated an “outperform” rating and issued a $179.00 price objective on shares of CBRE Group in a report on Friday, April 24th. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and a consensus target price of $180.29.

CBRE Group Trading Down 0.0%

Shares of CBRE Group stock opened at $125.03 on Monday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a market cap of $36.61 billion, a price-to-earnings ratio of 28.48 and a beta of 1.22. The business has a fifty day simple moving average of $139.03 and a 200-day simple moving average of $150.53. CBRE Group, Inc. has a fifty-two week low of $121.83 and a fifty-two week high of $174.27.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.48. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The business had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The company’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. On average, equities analysts forecast that CBRE Group, Inc. will post 7.63 EPS for the current fiscal 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.