OP Asset Management Ltd Buys Shares of 58,384 CBRE Group, Inc. $CBRE

OP Asset Management Ltd purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the first quarter, Holdings Channel reports. The institutional investor purchased 58,384 shares of the financial services provider’s stock, valued at approximately $7,909,000.

Several other institutional investors have also recently made changes to their positions in CBRE. Legal & General Group Plc increased its holdings in shares of CBRE Group by 2.6% in the 3rd quarter. Legal & General Group Plc now owns 2,121,144 shares of the financial services provider’s stock valued at $334,207,000 after acquiring an additional 52,985 shares during the period. AIA Group Ltd purchased a new stake in shares of CBRE Group during the 3rd quarter worth $1,734,000. Teachers Retirement System of The State of Kentucky lifted its stake in shares of CBRE Group by 713.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 190,674 shares of the financial services provider’s stock worth $30,043,000 after purchasing an additional 167,240 shares during the last quarter. Fisher Asset Management LLC boosted its position in CBRE Group by 96.1% during the third quarter. Fisher Asset Management LLC now owns 43,533 shares of the financial services provider’s stock valued at $6,859,000 after purchasing an additional 21,328 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in CBRE Group by 13.0% during the third quarter. TD Asset Management Inc now owns 524,208 shares of the financial services provider’s stock valued at $82,594,000 after purchasing an additional 60,139 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 owned by company insiders.

CBRE Group Trading Up 0.4%

CBRE Group stock opened at $134.51 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $39.39 billion, a PE ratio of 30.64 and a beta of 1.21. The stock has a 50-day moving average of $137.00 and a two-hundred day moving average of $147.12. CBRE Group, Inc. has a one year low of $121.69 and a one year high of $174.27.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the firm earned $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, research analysts anticipate that CBRE Group, Inc. will post 7.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of recent research reports. Barclays boosted their target price 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. UBS Group reaffirmed a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. 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 research note on Friday, April 24th. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Finally, Weiss Ratings downgraded shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, CBRE Group currently 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.