Gateway Investment Advisers LLC Buys New Shares in CBRE Group, Inc. $CBRE

Gateway Investment Advisers LLC purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,091 shares of the financial services provider’s stock, valued at approximately $979,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in CBRE Group by 0.8% during the 3rd quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock worth $2,180,594,000 after acquiring an additional 105,586 shares during the period. Principal Financial Group Inc. boosted its position in shares of CBRE Group by 1.1% in the fourth quarter. Principal Financial Group Inc. now owns 9,567,987 shares of the financial services provider’s stock worth $1,538,443,000 after purchasing an additional 99,532 shares during the period. Invesco Ltd. raised its position in shares of CBRE Group by 16.1% during the 3rd quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock valued at $981,795,000 after purchasing an additional 862,656 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of 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 valued at $704,610,000 after purchasing an additional 532,151 shares during the period. Finally, Artisan Partners Limited Partnership lifted its stake in shares of 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 valued at $633,705,000 after buying an additional 323,998 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In other news, insider Chad J. Doellinger sold 471 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the completion of the transaction, the insider directly owned 42,519 shares in the company, valued at approximately $5,676,711.69. This represents a 1.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 9,223 shares of the firm’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 transaction, the chief financial officer directly owned 126,501 shares of the company’s stock, valued at approximately $18,799,313.61. This trade represents a 6.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,917 shares of company stock worth $1,463,618. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CBRE. Keefe, Bruyette & Woods increased their price target on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Evercore restated an “outperform” rating and issued a $179.00 price objective on shares of CBRE Group in a research report on Friday, April 24th. Barclays upped their price objective on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday. Raymond James Financial set a $180.00 target price on CBRE Group and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings raised CBRE Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $180.29.

CBRE Group Stock Down 0.3%

CBRE opened at $146.32 on Friday. The firm has a 50-day simple moving average of $140.88 and a two-hundred day simple moving average of $153.10. CBRE Group, Inc. has a 52 week low of $118.81 and a 52 week high of $174.27. The company has a market capitalization of $42.84 billion, a PE ratio of 33.33 and a beta of 1.28. 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 issued its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.48. The firm had revenue of $10.53 billion for the quarter, compared to analysts’ expectations of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The business’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Analysts forecast that CBRE Group, Inc. will post 7.72 earnings per share for the current fiscal year.

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.