Crossmark Global Holdings Inc. Cuts Stock Position in CBRE Group, Inc. $CBRE

Crossmark Global Holdings Inc. cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 17.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,037 shares of the financial services provider’s stock after selling 12,750 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in CBRE Group were worth $9,617,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. IFG Advisory LLC purchased a new position in shares of CBRE Group in the 3rd quarter worth about $378,000. Mengis Capital Management Inc. purchased a new stake in CBRE Group during the third quarter worth about $217,000. Montag A & Associates Inc. raised its position in CBRE Group by 16.2% in the third quarter. Montag A & Associates Inc. now owns 59,167 shares of the financial services provider’s stock worth $9,322,000 after acquiring an additional 8,260 shares during the period. AustralianSuper Pty Ltd boosted its stake in CBRE Group by 7.3% in the third quarter. AustralianSuper Pty Ltd now owns 27,596 shares of the financial services provider’s stock valued at $4,348,000 after acquiring an additional 1,873 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in CBRE Group by 713.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 190,674 shares of the financial services provider’s stock valued at $30,043,000 after acquiring an additional 167,240 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of CBRE Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Barclays raised their target price on CBRE Group from $190.00 to $192.00 and gave the stock 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 research note on Saturday, February 28th. Keefe, Bruyette & Woods cut their price target on CBRE Group from $192.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Finally, Raymond James Financial set a $180.00 price objective on CBRE Group and gave the stock an “outperform” rating in a report on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.43.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 9,223 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer owned 126,501 shares of the company’s stock, valued at approximately $18,799,313.61. The trade was a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by insiders.

CBRE Group Stock Performance

NYSE:CBRE opened at $140.90 on Friday. The stock has a market cap of $41.59 billion, a P/E ratio of 36.50 and a beta of 1.33. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $159.57 and its two-hundred day moving average price is $158.98. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $174.27.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.05. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.67 billion. During the same quarter in the prior year, the firm earned $2.32 EPS. The business’s revenue for the quarter 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. As a group, equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

CBRE Group 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.