CBRE Group, Inc. $CBRE Shares Sold by Fred Alger Management LLC

Fred Alger Management LLC trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 11.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,807 shares of the financial services provider’s stock after selling 11,631 shares during the period. Fred Alger Management LLC’s holdings in CBRE Group were worth $13,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in CBRE. Thrivent Financial for Lutherans boosted its holdings in 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 purchasing an additional 70,670 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of CBRE Group by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock worth $1,491,855,000 after buying an additional 809,796 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of CBRE Group by 43.0% in the 3rd 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 purchased a new position in shares of CBRE Group in the 3rd quarter valued at $2,104,000. Finally, Cornerstone Investment Partners LLC raised its stake in CBRE Group by 13.7% during the 3rd quarter. Cornerstone Investment Partners LLC now owns 392,759 shares of the financial services provider’s stock worth $61,883,000 after acquiring an additional 47,460 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Trading Up 1.0%

NYSE:CBRE opened at $135.08 on Tuesday. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $174.27. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.55. The stock’s 50 day simple moving average is $155.63 and its 200-day simple moving average is $157.60. The firm has a market cap of $39.87 billion, a P/E ratio of 35.00 and a beta of 1.33.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.05. The firm had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.67 billion. CBRE Group had a return on equity of 21.75% and a net margin of 2.85%.The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the company earned $2.32 earnings per share. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. Equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 471 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total value of $62,883.21. Following the completion of the sale, the insider owned 42,519 shares in the company, valued at approximately $5,676,711.69. This trade represents a 1.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Emma E. Giamartino sold 9,223 shares of CBRE Group stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the completion of the sale, the chief financial officer directly owned 126,501 shares in the company, valued at approximately $18,799,313.61. The trade was a 6.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 9,810 shares of company stock valued at $1,448,600 in the last 90 days. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of CBRE Group from $192.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. UBS Group upgraded CBRE Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Barclays reduced their price target on shares of CBRE Group from $192.00 to $174.00 and set an “overweight” rating for the company in a research report on Friday. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, CBRE Group has an average rating of “Moderate Buy” and an average target price of $179.86.

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.