Jennison Associates LLC Lowers Holdings in CBRE Group, Inc. $CBRE

Jennison Associates LLC cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 264,097 shares of the financial services provider’s stock after selling 4,359 shares during the period. Jennison Associates LLC’s holdings in CBRE Group were worth $35,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Abacus Wealth Partners LLC purchased a new position in shares of CBRE Group during the 4th quarter worth approximately $2,147,000. Flputnam Investment Management Co. boosted its stake in shares of CBRE Group by 39.5% in the fourth quarter. Flputnam Investment Management Co. now owns 137,524 shares of the financial services provider’s stock valued at $22,112,000 after buying an additional 38,944 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in CBRE Group by 5,115.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock worth $163,581,000 after acquiring an additional 997,848 shares during the period. QRG Capital Management Inc. raised its position in CBRE Group by 5.7% in the first quarter. QRG Capital Management Inc. now owns 135,635 shares of the financial services provider’s stock worth $18,373,000 after acquiring an additional 7,349 shares in the last quarter. Finally, Norges Bank purchased a new position in CBRE Group in the fourth quarter worth $643,405,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 1.6%

CBRE Group stock opened at $138.71 on Tuesday. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27. The firm has a market capitalization of $40.62 billion, a price-to-earnings ratio of 31.60 and a beta of 1.20. The stock’s fifty day moving average is $134.28 and its two-hundred day moving average is $144.52. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results 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 business had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The business’s revenue was up 18.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Analysts predict that CBRE Group, Inc. will post 7.75 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the transaction, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays boosted their target price on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Evercore set a $169.00 price target on shares of CBRE Group in a report on Tuesday, June 30th. UBS Group reiterated a “buy” rating on shares of CBRE Group in a research note on Wednesday, June 17th. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Finally, Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and an average 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.