North Dakota State Investment Board Buys New Shares in CBRE Group, Inc. $CBRE

North Dakota State Investment Board bought a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, HoldingsChannel reports. The firm bought 10,201 shares of the financial services provider’s stock, valued at approximately $1,640,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in shares of CBRE Group by 12.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock valued at $99,575,000 after acquiring an additional 70,670 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of 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 valued at $1,491,855,000 after acquiring an additional 809,796 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of CBRE Group by 43.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 11,435 shares of the financial services provider’s stock valued at $1,818,000 after acquiring an additional 3,438 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $3,030,000. Finally, Cornerstone Investment Partners LLC lifted its position in shares of CBRE Group by 13.7% in the 3rd quarter. Cornerstone Investment Partners LLC now owns 392,759 shares of the financial services provider’s stock valued at $61,883,000 after acquiring an additional 47,460 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on CBRE. Barclays upped their price target on shares of CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research report on Friday. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Evercore restated an “outperform” rating and issued a $179.00 price target on shares of CBRE Group in a research report on Friday, April 24th. Finally, Raymond James Financial set a $180.00 price target on shares of CBRE Group and gave the company an “outperform” rating in a research report on Thursday, February 12th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $180.29.

CBRE Group Stock Down 1.7%

CBRE stock opened at $128.16 on Wednesday. CBRE Group, Inc. has a 12-month low of $118.81 and a 12-month high of $174.27. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a market cap of $37.53 billion, a price-to-earnings ratio of 29.19 and a beta of 1.28. The company has a 50 day moving average of $139.81 and a two-hundred day moving average of $151.77.

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

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 471 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total value of $62,883.21. Following the completion of the sale, the insider owned 42,519 shares in the company, valued at $5,676,711.69. This represents a 1.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the sale, the chief financial officer owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 12,167 shares of company stock valued at $1,757,783. Insiders own 0.46% of the company’s stock.

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.