State of Alaska Department of Revenue Buys 49,953 Shares of CBRE Group, Inc. $CBRE

State of Alaska Department of Revenue lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 174.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,644 shares of the financial services provider’s stock after purchasing an additional 49,953 shares during the period. State of Alaska Department of Revenue’s holdings in CBRE Group were worth $10,103,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in CBRE Group by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock valued at $1,337,051,000 after buying an additional 302,426 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in CBRE Group by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,896,802 shares of the financial services provider’s stock worth $392,368,000 after buying an additional 159,482 shares during the last quarter. Swedbank AB increased its stake in CBRE Group by 119.6% during the 1st quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock worth $348,306,000 after buying an additional 1,400,452 shares in the last quarter. Sei Investments Co. increased its stake in CBRE Group by 8.7% during the 1st quarter. Sei Investments Co. now owns 2,181,413 shares of the financial services provider’s stock worth $295,494,000 after buying an additional 175,344 shares in the last quarter. Finally, Amundi increased its stake in CBRE Group by 12.1% during the 1st quarter. Amundi now owns 1,906,456 shares of the financial services provider’s stock worth $258,249,000 after buying an additional 205,493 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE opened at $135.31 on Friday. The company’s 50-day moving average price is $140.95 and its 200-day moving average price is $139.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. The company has a market cap of $39.18 billion, a P/E ratio of 31.04 and a beta of 1.23. CBRE Group, Inc. has a twelve month low of $121.69 and a twelve month high of $174.27.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.09. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.18 billion. During the same period in the previous year, the business posted $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, sell-side analysts forecast that CBRE Group, Inc. will post 7.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on CBRE shares. UBS Group increased their target price on CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Evercore reaffirmed an “outperform” rating and issued a $175.00 price target on shares of CBRE Group in a research note on Thursday, July 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CBRE Group in a research report on Friday, August 21st. Barclays increased their price objective on CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Finally, Keefe, Bruyette & Woods reduced their price objective on CBRE Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.40.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $333,652.50. Following the transaction, the chief financial officer directly owned 108,479 shares in the company, valued at $16,086,350.91. The trade was a 2.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad Doellinger sold 228 shares of the business’s 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 transaction, the insider owned 41,778 shares in the company, valued at approximately $6,195,259.62. This represents a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,144 shares of company stock valued at $767,363 in the last ninety days. 0.46% of the stock is currently owned by corporate insiders.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm headquartered in Dallas, Texas. Through its operations in the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region, the company serves corporations, property owners, investors, lenders, and public-sector organizations.

CBRE’s services include commercial property leasing and sales, tenant and occupier representation, capital markets advisory, property valuation, consulting, research, and development services.