Whittier Trust Co. of Nevada Inc. Buys 105,900 Shares of CBRE Group, Inc. $CBRE

Whittier Trust Co. of Nevada Inc. increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 67,884.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,056 shares of the financial services provider’s stock after buying an additional 105,900 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in CBRE Group were worth $14,444,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Legal & General Group Plc boosted its stake in CBRE Group by 2.6% in the third quarter. Legal & General Group Plc now owns 2,121,144 shares of the financial services provider’s stock worth $334,207,000 after purchasing an additional 52,985 shares in the last quarter. AIA Group Ltd acquired a new stake in shares of CBRE Group in the third quarter valued at $1,734,000. Abacus Wealth Partners LLC acquired a new stake in shares of CBRE Group in the fourth quarter valued at $2,147,000. Flputnam Investment Management Co. raised its holdings in shares of CBRE Group by 39.5% in the fourth quarter. Flputnam Investment Management Co. now owns 137,524 shares of the financial services provider’s stock valued at $22,112,000 after buying an additional 38,944 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of CBRE Group by 5,115.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock valued at $163,581,000 after buying an additional 997,848 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE stock opened at $141.38 on Monday. The stock has a 50-day moving average price of $135.54 and a 200 day moving average price of $146.30. 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 firm has a market cap of $41.40 billion, a price-to-earnings ratio of 32.20 and a beta of 1.20. CBRE Group, Inc. has a 12 month low of $121.69 and a 12 month high of $174.27.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) 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 company had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the company posted $0.86 EPS. The company’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. Research analysts expect that CBRE Group, Inc. will post 7.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CBRE shares. Evercore set a $169.00 price objective on shares of CBRE Group in a report on Tuesday, June 30th. Weiss Ratings downgraded shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Barclays upped their target price on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. UBS Group reissued a “buy” rating on shares of CBRE Group in a research note on Wednesday, June 17th. Finally, Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the transaction, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by corporate insiders.

CBRE Group Company 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.