CBRE Group (NYSE:CBRE) Trading 6.8% Higher – Here’s What Happened

CBRE Group, Inc. (NYSE:CBRE)’s share price shot up 6.8% during mid-day trading on Wednesday . The stock traded as high as $141.34 and last traded at $142.2040. 184,541 shares were traded during trading, a decline of 92% from the average session volume of 2,215,544 shares. The stock had previously closed at $133.13.

Analysts Set New Price Targets

CBRE has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their price target on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. UBS Group reaffirmed a “buy” rating on shares of CBRE Group in a research note on Wednesday, June 17th. Evercore set a $169.00 target price on CBRE Group in a report on Tuesday, June 30th. Finally, Barclays lifted their price objective on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and an average price target of $178.86.

CBRE Group Trading Up 1.5%

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a market cap of $42.04 billion, a price-to-earnings ratio of 32.70 and a beta of 1.20. The business has a 50 day moving average price of $134.54 and a 200-day moving average price of $144.86.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.13 by $0.48. The firm had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.CBRE Group’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. 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 7.75 EPS for the current fiscal year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the transaction, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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.

Institutional Investors Weigh In On CBRE Group

A number of large investors have recently added to or reduced their stakes in CBRE. State Street Corp boosted its position in CBRE Group by 0.8% in the 3rd quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock valued at $2,180,594,000 after buying an additional 105,586 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CBRE Group by 3.2% during the first quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock worth $1,337,051,000 after acquiring an additional 302,426 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CBRE Group by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 8,475,131 shares of the financial services provider’s stock worth $1,369,409,000 after acquiring an additional 151,027 shares during the last quarter. Harris Associates L P lifted its stake in shares of CBRE Group by 0.6% in the fourth quarter. Harris Associates L P now owns 6,928,621 shares of the financial services provider’s stock worth $1,114,053,000 after acquiring an additional 38,646 shares in the last quarter. Finally, Morgan Stanley lifted its stake in shares of CBRE Group by 6.4% in the fourth quarter. Morgan Stanley now owns 6,691,017 shares of the financial services provider’s stock worth $1,075,849,000 after acquiring an additional 403,489 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

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.