Manning & Napier Advisors LLC Lowers Stake in CBRE Group, Inc. $CBRE

Manning & Napier Advisors LLC cut its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 740,194 shares of the financial services provider’s stock after selling 65,073 shares during the period. CBRE Group comprises about 1.4% of Manning & Napier Advisors LLC’s holdings, making the stock its 22nd largest position. Manning & Napier Advisors LLC’s holdings in CBRE Group were worth $100,267,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Azzad Asset Management Inc. ADV raised its holdings in CBRE Group by 0.4% in the first quarter. Azzad Asset Management Inc. ADV now owns 29,804 shares of the financial services provider’s stock valued at $4,037,000 after buying an additional 124 shares during the period. Resona Asset Management Co. Ltd. grew its stake in CBRE Group by 2.0% during the first quarter. Resona Asset Management Co. Ltd. now owns 144,735 shares of the financial services provider’s stock worth $19,505,000 after buying an additional 2,876 shares during the period. Montag A & Associates Inc. grew its stake in CBRE Group by 4.9% during the first quarter. Montag A & Associates Inc. now owns 65,133 shares of the financial services provider’s stock worth $8,823,000 after buying an additional 3,051 shares during the period. Resonant Capital Advisors LLC increased its position in shares of CBRE Group by 8.0% in the first quarter. Resonant Capital Advisors LLC now owns 1,500 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 111 shares in the last quarter. Finally, Swedbank AB increased its position in shares of CBRE Group by 119.6% in the first quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock worth $348,306,000 after acquiring an additional 1,400,452 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Evercore set a $169.00 price target on CBRE Group in a report on Tuesday, June 30th. UBS Group reissued a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. Finally, Keefe, Bruyette & Woods upped their target price on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.86.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction dated 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 directly owned 110,729 shares in the company, valued at $14,476,709.46. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by corporate insiders.

CBRE Group Stock Down 1.2%

Shares of CBRE stock traded down $1.70 on Friday, hitting $139.36. The stock had a trading volume of 914,883 shares, compared to its average volume of 1,867,326. The firm has a market capitalization of $40.81 billion, a price-to-earnings ratio of 31.75 and a beta of 1.20. The stock’s 50 day moving average is $134.96 and its 200-day moving average is $145.70. 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 52-week low of $121.69 and a 52-week high of $174.27.

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, beating 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 business had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the business earned $0.86 EPS. The business’s 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, research analysts expect that CBRE Group, Inc. will post 7.71 earnings per share 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.