Convergence Investment Partners LLC Makes New $766,000 Investment in CBRE Group, Inc. $CBRE

Convergence Investment Partners LLC bought a new position in CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,763 shares of the financial services provider’s stock, valued at approximately $766,000.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp boosted its stake in CBRE Group by 0.8% in the 3rd quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock worth $2,180,594,000 after purchasing an additional 105,586 shares during the period. Principal Financial Group Inc. boosted its stake in CBRE Group by 1.1% in the 4th quarter. Principal Financial Group Inc. now owns 9,567,987 shares of the financial services provider’s stock worth $1,538,443,000 after purchasing an additional 99,532 shares during the period. Invesco Ltd. boosted its stake in CBRE Group by 16.1% in 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 during the period. Massachusetts Financial Services Co. MA boosted its stake in CBRE Group by 13.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock worth $704,610,000 after purchasing an additional 532,151 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in CBRE Group by 8.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 4,021,991 shares of the financial services provider’s stock worth $633,705,000 after purchasing an additional 323,998 shares during the period. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CBRE shares. UBS Group upgraded CBRE Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Keefe, Bruyette & Woods raised their target price on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings upgraded CBRE Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Evercore reaffirmed an “outperform” rating and issued a $179.00 price target on shares of CBRE Group in a report on Friday, April 24th. Finally, Raymond James Financial set a $180.00 price target on CBRE Group and gave the company an “outperform” rating in a report on Thursday, February 12th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $180.29.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $129.98 on Friday. The stock has a market cap of $38.06 billion, a price-to-earnings ratio of 29.61 and a beta of 1.28. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a 1-year low of $118.81 and a 1-year high of $174.27. The stock’s 50-day moving average is $140.19 and its 200 day moving average is $152.21.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data 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. The company had revenue of $10.53 billion for the quarter, compared to analysts’ expectations of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.CBRE Group’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 7.72 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In related news, insider Chad J. Doellinger sold 471 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the transaction, the insider directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Emma E. Giamartino sold 9,223 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $148.61, for a total value of $1,370,630.03. Following the transaction, the chief financial officer directly owned 126,501 shares in the company, valued at approximately $18,799,313.61. This represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 9,917 shares of company stock worth $1,463,618. 0.46% of the stock is currently owned by insiders.

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.