CBRE Group, Inc. $CBRE Holdings Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 174.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,644 shares of the financial services provider’s stock after purchasing an additional 49,953 shares during the period. State of Alaska Department of Revenue’s holdings in CBRE Group were worth $10,103,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CBRE. Swedbank AB boosted its holdings in CBRE Group by 119.6% in the 1st quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock valued at $348,306,000 after purchasing an additional 1,400,452 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of CBRE Group during the 2nd quarter worth approximately $98,121,000. Janus Henderson Group PLC increased its holdings in shares of CBRE Group by 157.8% during the 1st quarter. Janus Henderson Group PLC now owns 1,162,260 shares of the financial services provider’s stock worth $157,435,000 after buying an additional 711,399 shares during the last quarter. SG Americas Securities LLC raised its position in shares of CBRE Group by 571.7% during the 1st quarter. SG Americas Securities LLC now owns 641,686 shares of the financial services provider’s stock valued at $86,923,000 after buying an additional 546,160 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of CBRE Group by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock valued at $1,337,051,000 after buying an additional 302,426 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad Doellinger sold 228 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the sale, the insider owned 41,778 shares of the company’s stock, valued at $6,195,259.62. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $333,652.50. Following the transaction, the chief financial officer owned 108,479 shares in the company, valued at $16,086,350.91. This trade represents a 2.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 5,144 shares of company stock worth $767,363. Insiders own 0.46% of the company’s stock.

CBRE Group Trading Up 5.0%

Shares of CBRE stock opened at $135.31 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $39.18 billion, a PE ratio of 31.04 and a beta of 1.23. The company has a 50-day moving average of $140.95 and a two-hundred day moving average of $139.59. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.09. The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $11.18 billion. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The business’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. On average, analysts predict that CBRE Group, Inc. will post 7.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of CBRE Group in a report on Friday, August 21st. Evercore reissued an “outperform” rating and set a $175.00 target price on shares of CBRE Group in a research note on Thursday, July 30th. Barclays lifted their target price on CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. UBS Group lifted their target price on CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods decreased their price target on CBRE Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.40.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm headquartered in Dallas, Texas. Through its operations in the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region, the company serves corporations, property owners, investors, lenders, and public-sector organizations.

CBRE’s services include commercial property leasing and sales, tenant and occupier representation, capital markets advisory, property valuation, consulting, research, and development services.