CBRE Group, Inc. $CBRE Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 29.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 22,559 shares of the financial services provider’s stock after selling 9,415 shares during the period. Neuberger Berman Group LLC’s holdings in CBRE Group were worth $3,554,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CBRE. Brighton Jones LLC raised its holdings in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after buying an additional 11,065 shares during the period. Woodline Partners LP grew its position in CBRE Group by 38.2% in the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock valued at $3,266,000 after acquiring an additional 6,908 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in CBRE Group by 67.0% during the first quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 179 shares during the period. Assetmark Inc. lifted its position in shares of CBRE Group by 69.9% during the second quarter. Assetmark Inc. now owns 2,497 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its stake in shares of CBRE Group by 156.3% in the second quarter. Atlantic Union Bankshares Corp now owns 20,131 shares of the financial services provider’s stock valued at $2,821,000 after purchasing an additional 12,276 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 9,223 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $148.61, for a total value of $1,370,630.03. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.42% of the stock is owned by company insiders.

CBRE Group Stock Down 3.0%

CBRE Group stock opened at $136.95 on Friday. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $174.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $40.42 billion, a PE ratio of 35.48 and a beta of 1.33. The stock’s fifty day moving average is $159.01 and its two-hundred day moving average is $158.83.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.05. CBRE Group had a return on equity of 21.75% and a net margin of 2.85%.The business had revenue of $11.63 billion during the quarter, compared to analysts’ expectations of $11.67 billion. During the same period in the prior year, the firm posted $2.32 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. On average, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CBRE shares. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Keefe, Bruyette & Woods cut their price objective on CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Barclays lifted their target price on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Finally, UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $175.00 to $185.00 in a research report on Sunday, February 22nd. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.43.

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.