Knights of Columbus Asset Advisors LLC Has $4.06 Million Position in CBRE Group, Inc. $CBRE

Knights of Columbus Asset Advisors LLC lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 82.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,265 shares of the financial services provider’s stock after purchasing an additional 11,413 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in CBRE Group were worth $4,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in shares of CBRE Group by 12.6% during the third quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock worth $99,575,000 after buying an additional 70,670 shares during the period. Principal Financial Group Inc. boosted its position in shares of CBRE Group by 9.4% during 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 buying an additional 809,796 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of CBRE Group by 43.0% during the third quarter. Smartleaf Asset Management LLC now owns 11,435 shares of the financial services provider’s stock worth $1,818,000 after buying an additional 3,438 shares during the period. Caprock Group LLC acquired a new position in shares of CBRE Group during the third quarter worth about $3,030,000. Finally, Cornerstone Investment Partners LLC boosted its position in shares of CBRE Group by 13.7% during the third quarter. Cornerstone Investment Partners LLC now owns 392,759 shares of the financial services provider’s stock worth $61,883,000 after buying an additional 47,460 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Trading Up 0.2%

Shares of CBRE Group stock opened at $130.02 on Thursday. CBRE Group, Inc. has a 12-month low of $121.83 and a 12-month high of $174.27. The stock has a market cap of $38.07 billion, a P/E ratio of 29.62 and a beta of 1.28. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $139.40 and its 200-day moving average is $150.90.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The company had revenue of $10.53 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The business’s revenue was up 18.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Equities research analysts predict that CBRE Group, Inc. will post 7.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CBRE shares. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Evercore reaffirmed an “outperform” rating and set a $179.00 price objective on shares of CBRE Group in a research report on Friday, April 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Raymond James Financial set a $180.00 price objective on CBRE Group and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Barclays upped their target price on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.29.

Insider Buying and Selling

In other news, insider Chad J. Doellinger sold 471 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the sale, the insider owned 42,519 shares in the company, valued at $5,676,711.69. This represents a 1.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the sale, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 2,944 shares of company stock worth $387,153. Company insiders own 0.46% of the company’s stock.

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.