Kornitzer Capital Management Inc. KS Lowers Stock Holdings in CBRE Group, Inc. $CBRE

Kornitzer Capital Management Inc. KS lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,454 shares of the financial services provider’s stock after selling 6,220 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in CBRE Group were worth $8,595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. PFA Pension Forsikringsaktieselskab purchased a new position in shares of CBRE Group during the fourth quarter worth about $70,590,000. Danske Bank A S grew its holdings in shares of CBRE Group by 5.1% during the fourth quarter. Danske Bank A S now owns 288,089 shares of the financial services provider’s stock worth $46,322,000 after buying an additional 14,107 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of CBRE Group by 8.3% during the fourth quarter. Citizens Financial Group Inc. RI now owns 3,963 shares of the financial services provider’s stock worth $637,000 after buying an additional 305 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of CBRE Group during the fourth quarter worth about $109,000. Finally, Interchange Capital Partners LLC purchased a new position in shares of CBRE Group during the fourth quarter worth about $262,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 9,223 shares of the stock in a transaction on 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 transaction, the chief financial officer 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Chad J. Doellinger sold 471 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total value of $62,883.21. Following the transaction, the insider directly owned 42,519 shares in the company, valued at approximately $5,676,711.69. This represents a 1.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,810 shares of company stock worth $1,448,600. Corporate insiders own 0.46% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CBRE. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Evercore restated an “outperform” rating and issued a $179.00 price objective on shares of CBRE Group in a research report on Friday, April 24th. UBS Group upgraded shares of CBRE Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $175.00 to $185.00 in a research report on Sunday, February 22nd. Weiss Ratings upgraded shares of CBRE Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Finally, Barclays raised their price objective on shares of CBRE Group from $174.00 to $175.00 and gave the company an “overweight” rating in a research report on Tuesday, April 14th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $179.86.

CBRE Group Price Performance

CBRE stock opened at $142.02 on Friday. The stock’s 50 day moving average price is $140.94 and its 200 day moving average price is $153.34. The firm has a market cap of $41.59 billion, a P/E ratio of 32.35 and a beta of 1.28. 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, Inc. has a 1 year low of $118.81 and a 1 year high of $174.27.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. The firm 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%.CBRE Group’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 7.72 earnings per share for the current fiscal year.

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.