USS Investment Management Ltd Boosts Stock Position in CBRE Group, Inc. $CBRE

USS Investment Management Ltd lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,528 shares of the financial services provider’s stock after acquiring an additional 4,595 shares during the quarter. USS Investment Management Ltd’s holdings in CBRE Group were worth $6,846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRE. State Street Corp lifted its holdings in CBRE Group by 0.8% during the third quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock valued at $2,180,594,000 after purchasing an additional 105,586 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of CBRE Group by 1.1% in the fourth quarter. Principal Financial Group Inc. now owns 9,567,987 shares of the financial services provider’s stock worth $1,538,443,000 after purchasing an additional 99,532 shares during the period. Geode Capital Management LLC increased its stake in shares of CBRE Group by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 8,475,131 shares of the financial services provider’s stock worth $1,369,409,000 after purchasing an additional 151,027 shares in the last quarter. Harris Associates L P increased its stake in shares of CBRE Group by 0.6% in the fourth quarter. Harris Associates L P now owns 6,928,621 shares of the financial services provider’s stock worth $1,114,053,000 after purchasing an additional 38,646 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of CBRE Group by 6.4% during the 4th quarter. Morgan Stanley now owns 6,691,017 shares of the financial services provider’s stock valued at $1,075,849,000 after purchasing an additional 403,489 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 Stock Up 2.2%

Shares of CBRE stock opened at $141.38 on Friday. The company’s fifty day simple moving average is $135.78 and its two-hundred day simple moving average is $146.42. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27. The stock has a market cap of $41.40 billion, a P/E ratio of 32.20 and a beta of 1.20. 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 (NYSE:CBRE) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.48. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The firm had revenue of $10.53 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Analysts predict that CBRE Group, Inc. will post 7.65 EPS for the current fiscal year.

Analyst Ratings Changes

CBRE has been the subject of several recent analyst reports. Evercore set a $169.00 target price on shares of CBRE Group in a report on Tuesday. Keefe, Bruyette & Woods raised their price target on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, April 24th. UBS Group restated a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Weiss Ratings lowered CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average 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.