Kornitzer Capital Management Inc. KS Increases Stake in CBRE Group, Inc. $CBRE

Kornitzer Capital Management Inc. KS grew its position in CBRE Group, Inc. (NYSE:CBRE) by 48.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,154 shares of the financial services provider’s stock after acquiring an additional 25,700 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in CBRE Group were worth $10,722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AIA Group Ltd purchased a new position in CBRE Group in the third quarter valued at about $1,734,000. Abacus Wealth Partners LLC purchased a new stake in shares of CBRE Group during the 4th quarter worth approximately $2,147,000. Flputnam Investment Management Co. boosted its stake in shares of CBRE Group by 39.5% during the 4th quarter. Flputnam Investment Management Co. now owns 137,524 shares of the financial services provider’s stock worth $22,112,000 after acquiring an additional 38,944 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of CBRE Group by 5,115.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock worth $163,581,000 after acquiring an additional 997,848 shares during the period. Finally, Norges Bank acquired a new stake in shares of CBRE Group in the 4th quarter worth approximately $643,405,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction on Friday, May 15th. The stock was 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 in the company, valued at $14,476,709.46. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on CBRE shares. Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Keefe, Bruyette & Woods upped their target price on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. Finally, Evercore set a $169.00 price objective on shares of CBRE Group in a research report on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.86.

CBRE Group Price Performance

Shares of CBRE traded down $1.70 during mid-day trading on Friday, reaching $139.36. 914,883 shares of the company’s stock were exchanged, compared to its average volume of 1,867,326. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a 52-week low of $121.69 and a 52-week high of $174.27. The company has a market cap of $40.81 billion, a price-to-earnings ratio of 31.75 and a beta of 1.20. The company has a 50-day simple moving average of $134.96 and a two-hundred day simple moving average of $145.70.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. The firm had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.CBRE Group’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, sell-side analysts predict that CBRE Group, Inc. will post 7.71 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.