TD Waterhouse Canada Inc. increased its position in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 59.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,457 shares of the financial services provider’s stock after purchasing an additional 5,749 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in CBRE Group were worth $1,986,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of CBRE Group by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock worth $1,337,051,000 after acquiring an additional 302,426 shares in the last quarter. Dimensional Fund Advisors LP raised its position in CBRE Group by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,896,802 shares of the financial services provider’s stock valued at $392,368,000 after purchasing an additional 159,482 shares in the last quarter. Swedbank AB raised its position in CBRE Group by 119.6% during the first quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock valued at $348,306,000 after purchasing an additional 1,400,452 shares in the last quarter. Sei Investments Co. raised its position in CBRE Group by 8.7% during the first quarter. Sei Investments Co. now owns 2,181,413 shares of the financial services provider’s stock valued at $295,494,000 after purchasing an additional 175,344 shares in the last quarter. Finally, Amundi lifted its stake in CBRE Group by 12.1% during the first quarter. Amundi now owns 1,906,456 shares of the financial services provider’s stock worth $258,249,000 after purchasing an additional 205,493 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.
CBRE Group Stock Performance
NYSE:CBRE opened at $134.91 on Thursday. The company has a market capitalization of $39.07 billion, a PE ratio of 30.94 and a beta of 1.23. The company has a 50 day simple moving average of $139.87 and a two-hundred day simple moving average of $139.55. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.14. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27.
Insiders Place Their Bets
In other CBRE Group news, CEO Vikramaditya Kohli sold 2,666 shares of the business’s stock in a transaction that occurred 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 directly owned 134,869 shares of the company’s stock, valued at approximately $20,230,350. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $333,652.50. Following the transaction, the chief financial officer owned 108,479 shares in the company, valued at $16,086,350.91. The trade was a 2.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 5,144 shares of company stock worth $767,363. 0.46% of the stock is owned by corporate insiders.
Key Headlines Impacting CBRE Group
Here are the key news stories impacting CBRE Group this week:
- Positive Sentiment: CBRE agreed to acquire Onnec for an initial cash payment of approximately £460 million, or $610 million, with the total consideration potentially reaching £760 million—nearly $1 billion—based on additional payments. Onnec’s capabilities in data-center infrastructure across Europe and Asia-Pacific should expand CBRE’s services for major technology clients and deepen its presence in a high-growth segment. The acquisition announcement was the main bullish catalyst behind recent strength in CBRE shares. CBRE Expands Critical Infrastructure Capabilities in Europe and Asia Pacific with Onnec Acquisition
- Positive Sentiment: The transaction gives CBRE additional exposure to data-center construction, equipment and infrastructure spending, supported by demand from cloud computing and artificial intelligence. Investors may view the deal as a way for CBRE to diversify beyond traditional commercial real estate and create longer-term growth opportunities. CBRE to acquire Onnec in $1 billion data center infrastructure deal
- Neutral Sentiment: CBRE was expected to report third-quarter results shortly after the announcement. Earnings, management commentary on the Onnec transaction and updates to full-year guidance could become the next major catalysts for the stock. Why CBRE Stock Triumphed on Tuesday
- Negative Sentiment: Jefferies lowered its price target for CBRE, signaling more cautious expectations despite retaining potential upside versus the reference share price. The target reduction may temper enthusiasm around the acquisition and reflects concerns about valuation, market conditions or execution risk. Jefferies cuts target for CBRE Group stock to USD 164.00
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on CBRE shares. UBS Group boosted their price target on CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Barclays boosted their target price on CBRE Group from $180.00 to $183.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Evercore reissued an “outperform” rating and issued a $175.00 target price on shares of CBRE Group in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CBRE Group in a report on Friday, August 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of CBRE Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.40.
Read Our Latest Report on CBRE Group
CBRE Group Company Profile
CBRE Group, Inc (NYSE:CBRE) is a global commercial real estate services and investment firm. The company provides advisory, transaction, property management, facilities management, project management, valuation, and consulting services to corporate, institutional, and other real estate clients.
Its businesses support the acquisition, development, leasing, operation, and disposition of commercial properties across sectors such as office, industrial and logistics, retail, multifamily, hospitality, and data centers.
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