734,770 CBRE Group, Inc. $CBRE Shares Bought by Howard Capital Management LLC

Howard Capital Management LLC boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 41,140.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 736,556 shares of the financial services provider’s stock after acquiring an additional 734,770 shares during the quarter. CBRE Group accounts for 1.0% of Howard Capital Management LLC’s holdings, making the stock its 23rd largest position. Howard Capital Management LLC’s holdings in CBRE Group were worth $94,625,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC boosted its stake in shares of CBRE Group by 2.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 13,904 shares of the financial services provider’s stock worth $1,786,000 after acquiring an additional 303 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of CBRE Group by 52.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,930,992 shares of the financial services provider’s stock valued at $248,075,000 after purchasing an additional 662,421 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of CBRE Group by 174.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 78,644 shares of the financial services provider’s stock valued at $10,103,000 after purchasing an additional 49,953 shares in the last quarter. Mainsail Asset Management LLC acquired a new position in CBRE Group in the 3rd quarter worth about $202,000. Finally, Mather Group LLC. raised its holdings in CBRE Group by 355.4% in the 3rd quarter. Mather Group LLC. now owns 9,523 shares of the financial services provider’s stock worth $1,223,000 after purchasing an additional 7,432 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE traded down $2.58 during mid-day trading on Friday, hitting $132.91. 2,249,160 shares of the company were exchanged, compared to its average volume of 2,284,539. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50 day moving average of $140.65 and a 200-day moving average of $139.55. The stock has a market cap of $38.49 billion, a price-to-earnings ratio of 30.48 and a beta of 1.23.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, beating 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 last year, the company posted $1.19 EPS. CBRE Group’s quarterly revenue was up 15.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Analysts expect that CBRE Group, Inc. will post 7.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CBRE shares. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. UBS Group boosted their price objective on CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Keefe, Bruyette & Woods cut their price objective on CBRE Group from $174.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Barclays upped their target price on CBRE Group from $180.00 to $183.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Finally, Evercore reiterated an “outperform” rating and set a $175.00 target price on shares of CBRE Group in a research report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.40.

Insider Buying and Selling at CBRE Group

In related news, CEO Vikramaditya Kohli sold 2,666 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total value of $399,900.00. Following the completion of the transaction, the chief executive officer directly owned 134,869 shares of the company’s stock, valued at approximately $20,230,350. This represents a 1.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 228 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the transaction, the insider owned 41,778 shares in the company, valued at $6,195,259.62. The trade was a 0.54% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,144 shares of company stock valued at $767,363 over the last quarter. 0.46% of the stock is currently owned by insiders.

CBRE Group Company Profile

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.