CIBC Asset Management Inc Acquires 28,649 Shares of CBRE Group, Inc. $CBRE

CIBC Asset Management Inc boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 57.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,292 shares of the financial services provider’s stock after purchasing an additional 28,649 shares during the period. CIBC Asset Management Inc’s holdings in CBRE Group were worth $12,589,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of CBRE Group by 43.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 11,435 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 3,438 shares during the period. Caprock Group LLC acquired a new position in shares of CBRE Group in the 3rd quarter valued at $3,030,000. Cornerstone Investment Partners LLC lifted its stake in shares of CBRE Group by 13.7% in the 3rd quarter. Cornerstone Investment Partners LLC now owns 392,759 shares of the financial services provider’s stock valued at $61,883,000 after purchasing an additional 47,460 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of CBRE Group by 20.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 66,464 shares of the financial services provider’s stock valued at $10,472,000 after purchasing an additional 11,434 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of CBRE Group by 54.5% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,655 shares of the financial services provider’s stock valued at $3,254,000 after buying an additional 7,282 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 471 shares of the company’s stock in a transaction that occurred on 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 directly owned 42,519 shares of the company’s stock, valued at approximately $5,676,711.69. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 2,944 shares of company stock worth $387,153. Insiders own 0.46% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $131.09 on Friday. The company’s fifty day moving average is $138.48 and its 200 day moving average is $149.64. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27. The stock has a market cap of $38.39 billion, a PE ratio of 29.86 and a beta of 1.21. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data 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 firm had revenue of $10.53 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The company’s revenue for the quarter 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 anticipate that CBRE Group, Inc. will post 7.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CBRE shares. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. 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. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. UBS Group upgraded shares of CBRE Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $175.00 to $185.00 in a research report on Sunday, February 22nd. Finally, Barclays boosted their target price on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $180.29.

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.