CBRE Group, Inc. $CBRE Shares Acquired by Pzena Investment Management LLC

Pzena Investment Management LLC boosted its position in CBRE Group, Inc. (NYSE:CBRE) by 2.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 301,871 shares of the financial services provider’s stock after purchasing an additional 5,831 shares during the quarter. Pzena Investment Management LLC owned about 0.10% of CBRE Group worth $40,891,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss RE Ltd. bought a new stake in shares of CBRE Group during the fourth quarter valued at approximately $25,000. Navalign LLC acquired a new stake in CBRE Group in the 4th quarter valued at approximately $29,000. Ameriflex Group Inc. bought a new stake in CBRE Group during the 3rd quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CBRE Group during the 4th quarter valued at $42,000. Finally, MV Capital Management Inc. acquired a new position in CBRE Group during the 4th quarter worth $42,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at $14,476,709.46. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 Trading Up 2.7%

NYSE:CBRE opened at $138.35 on Thursday. 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, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The firm has a market capitalization of $40.51 billion, a price-to-earnings ratio of 31.51 and a beta of 1.20. The stock has a fifty day simple moving average of $135.95 and a 200 day simple moving average of $146.55.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data 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 the consensus estimate of $10.22 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The business’s revenue for the quarter 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. Sell-side analysts forecast that CBRE Group, Inc. will post 7.65 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on CBRE shares. Barclays raised their price target on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Evercore set a $169.00 target price on shares of CBRE Group in a research note on Tuesday. UBS Group restated a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Finally, Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently 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.