PNC Financial Services Group Inc. Raises Stock Position in CBRE Group, Inc. $CBRE

PNC Financial Services Group Inc. increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,204 shares of the financial services provider’s stock after purchasing an additional 4,541 shares during the quarter. PNC Financial Services Group Inc.’s holdings in CBRE Group were worth $17,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in CBRE Group by 0.8% in the third quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock worth $2,180,594,000 after purchasing an additional 105,586 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in CBRE Group by 1.1% in the fourth quarter. Principal Financial Group Inc. now owns 9,567,987 shares of the financial services provider’s stock worth $1,538,443,000 after purchasing an additional 99,532 shares during the last quarter. Invesco Ltd. boosted its holdings in CBRE Group by 16.1% in the third quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock worth $981,795,000 after purchasing an additional 862,656 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in CBRE Group by 8.8% in the third quarter. Artisan Partners Limited Partnership now owns 4,021,991 shares of the financial services provider’s stock worth $633,705,000 after purchasing an additional 323,998 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd boosted its holdings in CBRE Group by 1.3% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 3,015,798 shares of the financial services provider’s stock worth $484,910,000 after purchasing an additional 39,173 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Finally, Evercore reiterated an “outperform” rating and issued a $179.00 price target on shares of CBRE Group in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $180.29.

Insider Activity at CBRE Group

In other news, insider Chad J. Doellinger sold 471 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total transaction of $62,883.21. Following the sale, the insider directly owned 42,519 shares in the company, valued at $5,676,711.69. This trade represents a 1.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 9,223 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the sale, the chief financial officer owned 126,501 shares in the company, valued at $18,799,313.61. The trade was a 6.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 12,167 shares of company stock worth $1,757,783 over the last quarter. Insiders own 0.46% of the company’s stock.

CBRE Group Stock Up 0.2%

CBRE opened at $131.24 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a 1-year low of $118.81 and a 1-year high of $174.27. The company has a market capitalization of $38.43 billion, a PE ratio of 29.90 and a beta of 1.28. The firm’s 50 day simple moving average is $139.59 and its two-hundred day simple moving average is $151.33.

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. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the firm earned $0.86 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. As a group, equities analysts forecast that CBRE Group, Inc. will post 7.72 EPS for the current 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.