Cornerstone Advisors LLC Sells 4,000 Shares of CBRE Group, Inc. $CBRE

Cornerstone Advisors LLC cut its holdings in CBRE Group, Inc. (NYSE:CBRE) by 25.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,600 shares of the financial services provider’s stock after selling 4,000 shares during the period. Cornerstone Advisors LLC’s holdings in CBRE Group were worth $1,828,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CBRE. Thrivent Financial for Lutherans lifted its stake in shares of CBRE Group by 12.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock worth $99,575,000 after purchasing an additional 70,670 shares during the last quarter. Principal Financial Group Inc. raised its holdings in CBRE Group by 9.4% in the third quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock worth $1,491,855,000 after purchasing an additional 809,796 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of CBRE Group by 43.0% during the third quarter. Smartleaf Asset Management LLC now owns 11,435 shares of the financial services provider’s stock valued at $1,818,000 after buying an additional 3,438 shares during the last quarter. Donoghue Forlines LLC bought a new stake in shares of CBRE Group in the 3rd quarter valued at about $2,104,000. Finally, Machina Capital S.A.S. purchased a new position in shares of CBRE Group in the 3rd quarter worth approximately $3,605,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. UBS Group raised their price objective on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Barclays boosted their target price on CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Finally, Raymond James Financial set a $180.00 price target on CBRE Group and gave the stock an “outperform” rating in a report on Thursday, February 12th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, CBRE Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.00.

CBRE Group Trading Up 7.5%

CBRE Group stock opened at $151.79 on Thursday. The stock has a 50-day moving average price of $163.13 and a 200 day moving average price of $159.84. The company has a market capitalization of $44.80 billion, a price-to-earnings ratio of 39.32 and a beta of 1.34. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $174.27. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.55.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.05. The firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.67 billion. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.32 earnings per share. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current 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.