AustralianSuper Pty Ltd Sells 7,058 Shares of CBRE Group, Inc. $CBRE

AustralianSuper Pty Ltd trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 25.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,538 shares of the financial services provider’s stock after selling 7,058 shares during the quarter. AustralianSuper Pty Ltd’s holdings in CBRE Group were worth $3,302,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in shares of CBRE Group by 12.6% in the third quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock valued at $99,575,000 after buying an additional 70,670 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of CBRE Group by 9.4% in the third quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock valued at $1,491,855,000 after buying an additional 809,796 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of CBRE Group by 43.0% in the third quarter. Smartleaf Asset Management LLC now owns 11,435 shares of the financial services provider’s stock valued at $1,818,000 after buying an additional 3,438 shares in the last quarter. Donoghue Forlines LLC bought a new position in shares of CBRE Group in the third quarter valued at $2,104,000. Finally, Caprock Group LLC bought a new position in shares of CBRE Group in the third quarter valued at $3,030,000. 98.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 471 shares of CBRE Group stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the completion of the sale, the insider owned 42,519 shares of the company’s stock, valued at approximately $5,676,711.69. This trade represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 9,223 shares of CBRE Group stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $148.61, for a total value of $1,370,630.03. Following the sale, the chief financial officer directly owned 126,501 shares of the company’s stock, valued at $18,799,313.61. This represents a 6.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 9,917 shares of company stock valued at $1,463,618 in the last three months. Insiders own 0.46% of the company’s stock.

CBRE Group Stock Down 1.9%

CBRE opened at $129.98 on Friday. CBRE Group, Inc. has a fifty-two week low of $118.81 and a fifty-two week 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. The company has a market capitalization of $38.06 billion, a P/E ratio of 29.61 and a beta of 1.28. The stock has a fifty day moving average of $140.19 and a 200-day moving average of $152.21.

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 analysts’ consensus estimates of $1.13 by $0.48. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The company had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The company’s revenue was up 18.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, equities analysts expect that CBRE Group, Inc. will post 7.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CBRE shares. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Raymond James Financial set a $180.00 target price on shares of CBRE Group and gave the company an “outperform” rating in a research note on Thursday, February 12th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Weiss Ratings raised shares of CBRE Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, Evercore reissued an “outperform” rating and issued a $179.00 target price on shares of CBRE Group in a research note on Friday, April 24th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CBRE Group presently has an average rating of “Buy” and an average price target of $180.29.

About CBRE Group

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.