Milford Funds Ltd. Makes New $23.43 Million Investment in CBRE Group, Inc. $CBRE

Milford Funds Ltd. acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 145,738 shares of the financial services provider’s stock, valued at approximately $23,433,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in CBRE Group by 0.8% during 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 buying an additional 105,586 shares during the last quarter. Principal Financial Group Inc. boosted its stake in CBRE Group by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 9,567,987 shares of the financial services provider’s stock worth $1,538,443,000 after buying an additional 99,532 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 buying an additional 151,027 shares during the last quarter. Invesco Ltd. boosted its stake in CBRE Group by 16.1% during the third quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock worth $981,795,000 after buying an additional 862,656 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its stake in CBRE Group by 0.8% during the fourth quarter. Cantillon Capital Management LLC now owns 4,460,586 shares of the financial services provider’s stock worth $717,218,000 after buying an additional 33,565 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,250 shares of the 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 transaction, the chief financial officer owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.46% of the company’s stock.

CBRE Group Price Performance

CBRE opened at $133.16 on Friday. The stock’s 50-day moving average price is $138.43 and its 200 day moving average price is $148.99. CBRE Group, Inc. has a 12-month low of $121.69 and a 12-month high of $174.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a market cap of $38.99 billion, a price-to-earnings ratio of 30.33 and a beta of 1.21.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the company earned $0.86 EPS. CBRE Group’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, sell-side analysts expect that CBRE Group, Inc. will post 7.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CBRE shares. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Weiss Ratings lowered CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Barclays upped their price target on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $180.29.

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.