Saudi Central Bank Acquires 9,677 Shares of CBRE Group, Inc. $CBRE

Saudi Central Bank grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 88.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 20,661 shares of the financial services provider’s stock after buying an additional 9,677 shares during the quarter. Saudi Central Bank’s holdings in CBRE Group were worth $2,783,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of 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 in the last quarter. Principal Financial Group Inc. increased its holdings 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 valued at $1,337,051,000 after acquiring an additional 302,426 shares in the last quarter. Geode Capital Management LLC raised its stake in CBRE Group by 1.8% in the 4th 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 increased its holdings 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 valued at $1,114,053,000 after purchasing an additional 38,646 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of CBRE Group by 6.4% during the fourth quarter. Morgan Stanley now owns 6,691,017 shares of the financial services provider’s stock worth $1,075,849,000 after purchasing an additional 403,489 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, insider Chad Doellinger sold 228 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the transaction, the insider owned 41,778 shares in the company, valued at approximately $6,195,259.62. This trade represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $333,652.50. Following the transaction, the chief financial officer owned 108,479 shares in the company, valued at $16,086,350.91. The trade was a 2.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 5,144 shares of company stock worth $767,363. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Evercore reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of CBRE Group in a report on Thursday, July 30th. Weiss Ratings restated a “hold (c+)” rating on shares of CBRE Group in a research report on Friday, August 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. UBS Group boosted their price objective on CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.33.

CBRE Group Stock Down 0.1%

Shares of NYSE CBRE opened at $147.71 on Tuesday. The firm has a market cap of $42.77 billion, a price-to-earnings ratio of 33.88 and a beta of 1.19. The company’s 50-day simple moving average is $145.10 and its 200-day simple moving average is $140.48. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. 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 Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.09. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $11.18 billion. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 EPS. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Equities analysts predict that CBRE Group, Inc. will post 7.79 EPS for the current fiscal year.

CBRE Group Company Profile

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.