CBRE Group, Inc. $CBRE Shares Bought by Legal & General Group Plc

Legal & General Group Plc grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,121,144 shares of the financial services provider’s stock after purchasing an additional 52,985 shares during the period. Legal & General Group Plc’s holdings in CBRE Group were worth $334,207,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CBRE. Thrivent Financial for Lutherans increased its position in shares of CBRE Group by 12.6% during the third quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock worth $99,575,000 after acquiring an additional 70,670 shares during the period. Principal Financial Group Inc. raised its stake 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 valued at $1,491,855,000 after acquiring an additional 809,796 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in 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 valued at $1,818,000 after purchasing an additional 3,438 shares during the period. Donoghue Forlines LLC acquired a new position in CBRE Group during the 3rd quarter worth $2,104,000. Finally, Cornerstone Investment Partners LLC increased its holdings in CBRE Group by 13.7% during the 3rd quarter. Cornerstone Investment Partners LLC now owns 392,759 shares of the financial services provider’s stock worth $61,883,000 after purchasing an additional 47,460 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity

In related news, CFO Emma E. Giamartino sold 9,223 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total value of $1,370,630.03. Following the transaction, the chief financial officer directly owned 126,501 shares of the company’s stock, valued at $18,799,313.61. This trade represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CBRE shares. Barclays increased their price target on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. UBS Group upgraded shares of CBRE Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Keefe, Bruyette & Woods decreased their price target on shares of CBRE Group from $192.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Finally, Raymond James Financial set a $180.00 price target on shares of CBRE Group and gave the stock an “outperform” rating in a report on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.43.

CBRE Group Price Performance

CBRE stock opened at $132.40 on Thursday. The business has a 50 day moving average price of $157.33 and a 200 day moving average price of $158.27. The stock has a market cap of $39.08 billion, a price-to-earnings ratio of 34.30 and a beta of 1.33. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $174.27. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.55.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.73 EPS for the quarter, beating the consensus estimate of $2.68 by $0.05. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The company had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.67 billion. During the same period in the prior year, the firm posted $2.32 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. Equities research analysts anticipate that CBRE Group, Inc. will post 5.99 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.