CBRE Group, Inc. $CBRE Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 9,870,413 shares of the financial services provider’s stock after purchasing an additional 302,426 shares during the quarter. CBRE Group accounts for about 0.7% of Principal Financial Group Inc.’s holdings, making the stock its 25th biggest position. Principal Financial Group Inc.’s holdings in CBRE Group were worth $1,337,051,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its position in shares of 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 acquiring an additional 105,586 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 valued at $1,369,409,000 after acquiring an additional 151,027 shares in the last quarter. Harris Associates L P boosted its stake in CBRE Group by 0.6% in the 4th quarter. Harris Associates L P now owns 6,928,621 shares of the financial services provider’s stock worth $1,114,053,000 after purchasing an additional 38,646 shares during the period. Morgan Stanley grew its position in CBRE Group by 6.4% during the 4th 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 in the last quarter. Finally, Invesco Ltd. grew its position in CBRE Group by 16.1% during the 3rd 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 in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Down 1.0%

CBRE opened at $138.09 on Tuesday. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27. The business has a 50-day moving average of $134.87 and a 200-day moving average of $145.39. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $40.43 billion, a PE ratio of 31.45 and a beta of 1.20.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.13 by $0.48. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The business had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the business posted $0.86 EPS. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Equities research analysts forecast that CBRE Group, Inc. will post 7.71 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $130.74, for a total value 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. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CBRE. UBS Group restated a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Weiss Ratings lowered CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Barclays increased their price objective on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Keefe, Bruyette & Woods upped their target price on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $178.86.

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.