CenterBook Partners LP Invests $794,000 in CBRE Group, Inc. $CBRE

CenterBook Partners LP purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,937 shares of the financial services provider’s stock, valued at approximately $794,000.

A number of other large investors have also recently bought and sold shares of CBRE. Navalign LLC purchased a new stake in CBRE Group in the fourth quarter valued at approximately $29,000. Ameriflex Group Inc. acquired a new position in CBRE Group in the third quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CBRE Group during the 4th quarter worth approximately $42,000. SBI Securities Co. Ltd. grew its stake in CBRE Group by 37.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 267 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 73 shares during the period. Finally, Caitlin John LLC acquired a new stake in CBRE Group in the 3rd quarter valued at $45,000. 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 CBRE Group stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction of $294,165.00. Following the transaction, the chief financial officer owned 110,729 shares of the company’s stock, valued at $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is currently owned by company insiders.

CBRE Group Stock Performance

Shares of CBRE opened at $134.20 on Thursday. The stock has a 50-day simple moving average of $138.53 and a 200-day simple moving average of $149.28. The stock has a market capitalization of $39.30 billion, a PE ratio of 30.57 and a beta of 1.21. CBRE Group, Inc. has a 1 year low of $121.69 and a 1 year high of $174.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.48. The firm had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The firm’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous 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, analysts predict that CBRE Group, Inc. will post 7.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $175.00 to $185.00 in a research note on Sunday, February 22nd. Weiss Ratings downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Barclays increased their price target on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Keefe, Bruyette & Woods increased their price target on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Evercore restated an “outperform” rating and set a $179.00 target price on shares of CBRE Group in a report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average target price of $180.29.

CBRE Group 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.