AustralianSuper Pty Ltd Sells 7,058 Shares of CBRE Group, Inc. $CBRE

AustralianSuper Pty Ltd lowered its stake in CBRE Group, Inc. (NYSE:CBRE) by 25.6% during the fourth quarter, Holdings Channel reports. The firm owned 20,538 shares of the financial services provider’s stock after selling 7,058 shares during the period. AustralianSuper Pty Ltd’s holdings in CBRE Group were worth $3,302,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its position in shares of CBRE Group by 12.6% in the third quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock worth $99,575,000 after purchasing an additional 70,670 shares during the period. Principal Financial Group Inc. increased its position in shares of CBRE Group by 9.4% in the third 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 during the period. Smartleaf Asset Management LLC increased its position in shares of CBRE Group by 43.0% in the third quarter. Smartleaf Asset Management LLC now owns 11,435 shares of the financial services provider’s stock worth $1,818,000 after purchasing an additional 3,438 shares during the period. Donoghue Forlines LLC bought a new position in shares of CBRE Group in the third quarter worth $2,104,000. Finally, Caprock Group LLC bought a new position in shares of CBRE Group in the third quarter worth $3,030,000. Institutional investors own 98.41% of the company’s stock.

Insider Activity

In other news, CFO Emma E. Giamartino sold 9,223 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the sale, the chief financial officer directly owned 126,501 shares in the company, valued at approximately $18,799,313.61. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chad J. Doellinger sold 471 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total value of $62,883.21. Following the sale, the insider owned 42,519 shares in the company, valued at approximately $5,676,711.69. This trade represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 9,917 shares of company stock worth $1,463,618. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CBRE shares. Raymond James Financial set a $180.00 price target on CBRE Group and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research note on Friday. Finally, Evercore reissued an “outperform” rating and set a $179.00 target price on shares of CBRE Group in a research note on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CBRE Group presently has an average rating of “Buy” and a consensus target price of $180.29.

CBRE Group Stock Performance

NYSE:CBRE opened at $129.98 on Friday. The stock has a market cap of $38.06 billion, a P/E ratio of 29.61 and a beta of 1.28. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The stock’s 50-day moving average is $140.19 and its 200-day moving average is $152.21. CBRE Group, Inc. has a 1-year low of $118.81 and a 1-year high of $174.27.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.48. The company had revenue of $10.53 billion for the quarter, compared to analysts’ expectations of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Equities research analysts anticipate that CBRE Group, Inc. will post 7.72 earnings per share for the current year.

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.