Jennison Associates LLC Reduces Stock Position in CBRE Group, Inc. $CBRE

Jennison Associates LLC lessened its stake in CBRE Group, Inc. (NYSE:CBRE) by 1.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 264,097 shares of the financial services provider’s stock after selling 4,359 shares during the quarter. Jennison Associates LLC owned about 0.09% of CBRE Group worth $35,775,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CBRE. Swiss RE Ltd. purchased a new stake in CBRE Group in the 4th quarter valued at $25,000. Navalign LLC purchased a new position in shares of CBRE Group during the 4th quarter worth $29,000. Ascentis Independent Advisors purchased a new position in shares of CBRE Group during the 1st quarter worth $30,000. Sound Income Strategies LLC boosted its position in shares of CBRE Group by 5,180.0% during the 1st quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 259 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CBRE Group in the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

CBRE Group Trading Down 1.6%

NYSE CBRE opened at $138.71 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $40.62 billion, a P/E ratio of 31.60 and a beta of 1.20. The firm’s 50-day moving average is $134.28 and its two-hundred day moving average is $144.52. CBRE Group, Inc. has a 12 month low of $121.69 and a 12 month high of $174.27.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. The business had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the business earned $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 7.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CBRE shares. Wall Street Zen cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Evercore set a $169.00 price target on shares of CBRE Group in a report on Tuesday, June 30th. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, UBS Group reiterated a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.86.

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.