Plato Investment Management Ltd Buys Shares of 16,498 CBRE Group, Inc. $CBRE

Plato Investment Management Ltd purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the second quarter, HoldingsChannel reports. The fund purchased 16,498 shares of the financial services provider’s stock, valued at approximately $2,209,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of CBRE Group by 0.8% in the third quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock worth $2,180,594,000 after acquiring an additional 105,586 shares in the last quarter. Principal Financial Group Inc. increased its holdings in CBRE Group by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock worth $1,337,051,000 after purchasing an additional 302,426 shares in the last quarter. Geode Capital Management LLC increased its holdings in CBRE Group by 1.8% during the 4th 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 raised its stake in shares of CBRE Group by 0.6% in the 4th quarter. Harris Associates L P now owns 6,928,621 shares of the financial services provider’s stock valued at $1,114,053,000 after purchasing an additional 38,646 shares during the period. Finally, Morgan Stanley raised its stake in shares of CBRE Group by 6.4% in 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. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other news, insider Chad J. Doellinger sold 228 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the sale, the insider owned 41,778 shares of the company’s stock, valued at approximately $6,195,259.62. This represents a 0.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $333,652.50. Following the completion of the transaction, the chief financial officer directly owned 108,479 shares of the company’s stock, valued at $16,086,350.91. This represents a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,144 shares of company stock worth $767,363 over the last ninety days. 0.46% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays upped their price objective on CBRE Group from $180.00 to $183.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Evercore restated an “outperform” rating and issued a $175.00 target price on shares of CBRE Group in a research note on Thursday, July 30th. UBS Group upped their price target on CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $158.00 to $174.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.00.

CBRE Group Trading Down 3.2%

CBRE Group stock opened at $148.00 on Tuesday. The company has a market cap of $42.86 billion, a price-to-earnings ratio of 33.94 and a beta of 1.18. The firm has a 50-day moving average of $140.50 and a 200-day moving average of $141.63. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.14 and a quick ratio of 1.14. CBRE Group, Inc. has a one year low of $121.69 and a one year high of $174.27.

CBRE Group (NYSE:CBRE) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.09. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $11.18 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share. CBRE Group’s quarterly revenue was up 15.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. On average, equities analysts expect that CBRE Group, Inc. will post 7.77 earnings per share for the current fiscal year.

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.