Silvant Capital Management LLC bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,551 shares of the financial services provider’s stock, valued at approximately $2,293,000.
Several other hedge funds also recently bought and sold shares of CBRE. State Street Corp grew its stake in CBRE Group by 1.8% during the second quarter. State Street Corp now owns 13,734,182 shares of the financial services provider’s stock valued at $1,924,434,000 after acquiring an additional 236,323 shares in the last quarter. Principal Financial Group Inc. lifted its stake in CBRE Group by 9.4% in 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 purchasing an additional 809,796 shares in the last quarter. Geode Capital Management LLC lifted its stake in CBRE Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 8,249,441 shares of the financial services provider’s stock worth $1,158,068,000 after purchasing an additional 134,160 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of CBRE Group by 13.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock valued at $704,610,000 after purchasing an additional 532,151 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in shares of CBRE Group by 8.8% during the third quarter. Artisan Partners Limited Partnership now owns 4,021,991 shares of the financial services provider’s stock valued at $633,705,000 after purchasing an additional 323,998 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.
Insider Buying and Selling
In related news, CFO Emma E. Giamartino sold 9,223 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $148.61, for a total value of $1,370,630.03. Following the sale, the chief financial officer directly owned 126,501 shares of the company’s stock, valued at $18,799,313.61. This represents a 6.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.
CBRE Group Stock Performance
CBRE Group (NYSE:CBRE – Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.73 EPS for the quarter, topping the consensus estimate of $2.68 by $0.05. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The company had revenue of $11.63 billion during the quarter, compared to analyst estimates of $11.67 billion. During the same period in the previous year, the firm earned $2.32 earnings per share. CBRE Group’s quarterly revenue was up 11.8% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. Sell-side analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms recently commented on CBRE. Keefe, Bruyette & Woods decreased their target price on CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Raymond James Financial set a $180.00 price objective on CBRE Group and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. UBS Group upgraded CBRE Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $175.00 to $185.00 in a research report on Sunday, February 22nd. Finally, Barclays boosted their price target on shares of CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.43.
Check Out Our Latest Analysis on CBRE
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.
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