CBRE Group, Inc. $CBRE Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 17.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,647,453 shares of the financial services provider’s stock after acquiring an additional 238,807 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CBRE Group were worth $221,566,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Swiss RE Ltd. acquired a new stake in shares of CBRE Group in the fourth quarter valued at $25,000. Navalign LLC purchased a new position in CBRE Group during the 4th quarter valued at about $29,000. Ascentis Independent Advisors acquired a new position in CBRE Group in the 1st quarter valued at about $30,000. Sound Income Strategies LLC grew its position in CBRE Group by 5,180.0% in 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CBRE Group during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CBRE. Keefe, Bruyette & Woods raised their price objective 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. Barclays upped their target price on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wall Street Zen cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Evercore set a $169.00 price target on shares of CBRE Group in a research note on Tuesday, June 30th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and a consensus price target of $178.86.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction 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 represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.46% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE opened at $143.57 on Friday. The firm has a market capitalization of $42.04 billion, a price-to-earnings ratio of 32.70 and a beta of 1.20. The firm’s fifty day simple moving average is $134.54 and its 200-day simple moving average is $144.86. CBRE Group, Inc. has a twelve month low of $121.69 and a twelve month high of $174.27. The company has a current ratio of 1.08, a quick 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 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. The firm had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Equities analysts forecast that CBRE Group, Inc. will post 7.75 EPS for the current fiscal year.

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.