Korea Investment CORP Has $71.95 Million Stock Holdings in CBRE Group, Inc. $CBRE

Korea Investment CORP raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 88.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 456,658 shares of the financial services provider’s stock after purchasing an additional 213,781 shares during the period. Korea Investment CORP’s holdings in CBRE Group were worth $71,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in CBRE Group by 1.8% during the second quarter. State Street Corp now owns 13,734,182 shares of the financial services provider’s stock worth $1,924,434,000 after buying an additional 236,323 shares in the last quarter. Principal Financial Group Inc. raised its position in CBRE Group by 9.4% in the 3rd quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock valued at $1,491,855,000 after buying an additional 809,796 shares during the last quarter. Geode Capital Management LLC lifted its stake in CBRE Group by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 8,249,441 shares of the financial services provider’s stock valued at $1,158,068,000 after acquiring an additional 134,160 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in CBRE Group by 13.5% during 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 acquiring an additional 532,151 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in CBRE Group by 8.8% during 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 acquiring an additional 323,998 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Down 3.0%

Shares of CBRE opened at $136.95 on Monday. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $174.27. The company has a market capitalization of $40.42 billion, a P/E ratio of 35.48 and a beta of 1.33. 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 firm’s 50 day simple moving average is $159.01 and its 200 day simple moving average is $158.82.

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

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 9,223 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the completion of the sale, the chief financial officer directly owned 126,501 shares in the company, valued at $18,799,313.61. This represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CBRE shares. Raymond James Financial set a $180.00 target price on CBRE Group and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Barclays increased their price target on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Weiss Ratings downgraded 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 raised their target price for the company from $175.00 to $185.00 in a research report on Sunday, February 22nd. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $182.43.

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.