Abacus Wealth Partners LLC Invests $2.15 Million in CBRE Group, Inc. $CBRE

Abacus Wealth Partners LLC bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,354 shares of the financial services provider’s stock, valued at approximately $2,147,000.

A number of other institutional investors also recently modified their holdings of the company. Soltis Investment Advisors LLC boosted its holdings in shares of CBRE Group by 14.9% during the fourth quarter. Soltis Investment Advisors LLC now owns 2,056 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 267 shares during the period. May Hill Capital LLC purchased a new stake in shares of CBRE Group during the fourth quarter worth about $292,000. Arjuna Capital purchased a new stake in shares of CBRE Group during the fourth quarter worth about $1,547,000. AlphaCore Capital LLC purchased a new stake in shares of CBRE Group during the fourth quarter worth about $251,000. Finally, DNB Asset Management AS boosted its holdings in shares of CBRE Group by 4.8% during the fourth quarter. DNB Asset Management AS now owns 58,354 shares of the financial services provider’s stock worth $9,383,000 after purchasing an additional 2,689 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 471 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total transaction of $62,883.21. Following the completion of the transaction, the insider owned 42,519 shares of the company’s stock, valued at approximately $5,676,711.69. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 9,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the transaction, the chief financial officer directly owned 126,501 shares of the company’s stock, valued at $18,799,313.61. This represents a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,917 shares of company stock valued at $1,463,618 in the last ninety days. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a report on Friday. UBS Group raised shares of CBRE Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Weiss Ratings raised shares of CBRE Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Barclays increased their price target on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $180.29.

CBRE Group Price Performance

CBRE stock opened at $129.98 on Friday. CBRE Group, Inc. has a 1 year low of $118.81 and a 1 year high of $174.27. The company has a market cap of $38.06 billion, a P/E ratio of 29.61 and a beta of 1.28. The firm has a 50-day moving average of $140.19 and a 200 day moving average of $152.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, sell-side analysts forecast that CBRE Group, Inc. will post 7.72 EPS for the current year.

CBRE Group 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.