M&T Bank Corp Sells 11,399 Shares of CBRE Group, Inc. $CBRE

M&T Bank Corp decreased its stake in CBRE Group, Inc. (NYSE:CBREFree Report) by 34.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 22,051 shares of the financial services provider’s stock after selling 11,399 shares during the quarter. M&T Bank Corp’s holdings in CBRE Group were worth $3,546,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CBRE. ORG Partners LLC raised its holdings in CBRE Group by 264.4% during the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 119 shares in the last quarter. Ameriflex Group Inc. bought a new position in CBRE Group in the third quarter valued at approximately $32,000. Bank of Jackson Hole Trust acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $38,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CBRE Group during the 4th quarter worth approximately $42,000. Finally, Caitlin John LLC bought a new stake in shares of CBRE Group during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Activity

In related news, insider Chad J. Doellinger sold 471 shares of CBRE Group stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total transaction of $62,883.21. Following the completion of the sale, the insider owned 42,519 shares of the company’s stock, valued at approximately $5,676,711.69. The trade was a 1.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 9,223 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer owned 126,501 shares in the company, valued at approximately $18,799,313.61. This trade represents a 6.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,810 shares of company stock worth $1,448,600 over the last three months. Insiders own 0.46% of the company’s stock.

Key Stories Impacting CBRE Group

Here are the key news stories impacting CBRE Group this week:

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $148.34 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $43.44 billion, a P/E ratio of 33.79 and a beta of 1.34. CBRE Group, Inc. has a 12 month low of $118.58 and a 12 month high of $174.27. The stock has a 50 day moving average of $141.05 and a 200-day moving average of $153.56.

CBRE Group (NYSE:CBREGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating 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 business 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 earned $0.86 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. As a group, equities research analysts predict that CBRE Group, Inc. will post 7.59 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays increased their price objective on CBRE Group from $174.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, April 14th. Evercore reaffirmed an “outperform” rating and set a $179.00 price target on shares of CBRE Group in a research report on Friday. Raymond James Financial set a $180.00 price target on shares of CBRE Group and gave the company an “outperform” rating in a research note on Thursday, February 12th. UBS Group raised shares of CBRE Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $175.00 to $185.00 in a research report on Sunday, February 22nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, CBRE Group has an average rating of “Buy” and an average target price of $179.86.

Get Our Latest Research Report on CBRE

CBRE Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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