Tredje AP fonden Buys 3,489 Shares of CBRE Group, Inc. $CBRE

Tredje AP fonden lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,449 shares of the financial services provider’s stock after buying an additional 3,489 shares during the period. Tredje AP fonden’s holdings in CBRE Group were worth $4,325,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CBRE. Thrivent Financial for Lutherans boosted its position 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 valued at $99,575,000 after purchasing an additional 70,670 shares in the last quarter. Principal Financial Group Inc. increased 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 stake in CBRE Group by 43.0% in 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 period. Donoghue Forlines LLC bought a new position in shares of CBRE Group during the 3rd quarter worth approximately $2,104,000. Finally, Machina Capital S.A.S. acquired a new stake in shares of CBRE Group during the 3rd quarter worth approximately $3,605,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Keefe, Bruyette & Woods decreased their price target on shares of CBRE Group from $192.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Barclays upped their price objective on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Weiss Ratings downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Finally, Raymond James Financial set a $180.00 price target on CBRE Group and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $181.00.

CBRE Group Stock Down 1.3%

CBRE Group stock opened at $147.18 on Friday. The firm has a market capitalization of $43.44 billion, a price-to-earnings ratio of 38.13 and a beta of 1.34. The firm’s fifty day moving average price is $162.65 and its two-hundred day moving average price is $159.73. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $174.27. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.55.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 12th. The financial services provider reported $2.73 EPS for the quarter, topping the consensus estimate of $2.68 by $0.05. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The company had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.67 billion. During the same period in the previous year, the firm posted $2.32 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. On average, equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.