PNC Financial Services Group Inc. Buys 4,541 Shares of CBRE Group, Inc. $CBRE

PNC Financial Services Group Inc. increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,204 shares of the financial services provider’s stock after buying an additional 4,541 shares during the period. PNC Financial Services Group Inc.’s holdings in CBRE Group were worth $17,398,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CBRE. Thrivent Financial for Lutherans grew its holdings in CBRE Group by 12.6% in the third quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock worth $99,575,000 after purchasing an additional 70,670 shares during the period. Principal Financial Group Inc. grew its holdings in CBRE Group by 9.4% in the third quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock worth $1,491,855,000 after purchasing an additional 809,796 shares during the period. Smartleaf Asset Management LLC grew its holdings in CBRE Group by 43.0% in the third quarter. Smartleaf Asset Management LLC now owns 11,435 shares of the financial services provider’s stock worth $1,818,000 after purchasing an additional 3,438 shares during the period. Cornerstone Investment Partners LLC grew its holdings in CBRE Group by 13.7% in the third quarter. Cornerstone Investment Partners LLC now owns 392,759 shares of the financial services provider’s stock worth $61,883,000 after purchasing an additional 47,460 shares during the period. Finally, Caprock Group LLC purchased a new stake in CBRE Group in the third quarter worth about $3,030,000. 98.41% of the stock is owned by institutional investors.

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 shares were sold at an average price of $133.51, for a total transaction of $62,883.21. Following the sale, the insider owned 42,519 shares in the company, valued at $5,676,711.69. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the sale, the chief financial officer owned 110,729 shares in the company, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 12,167 shares of company stock worth $1,757,783. Corporate insiders own 0.46% of the company’s stock.

CBRE Group Trading Up 0.2%

NYSE:CBRE opened at $131.24 on Friday. The company’s 50 day moving average price is $139.59 and its 200-day moving average price is $151.33. CBRE Group, Inc. has a 52 week low of $118.81 and a 52 week high of $174.27. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The stock has a market cap of $38.43 billion, a price-to-earnings ratio of 29.90 and a beta of 1.28.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 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 prior year, the company posted $0.86 earnings per share. The business’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. On average, equities research analysts forecast that CBRE Group, Inc. will post 7.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CBRE. Raymond James Financial set a $180.00 price objective on shares of CBRE Group and gave the stock an “outperform” rating in a report on Thursday, February 12th. Evercore restated an “outperform” rating and issued a $179.00 price objective on shares of CBRE Group in a report on Friday, April 24th. Weiss Ratings upgraded shares of CBRE Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Finally, UBS Group upgraded shares of CBRE Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $175.00 to $185.00 in a report on Sunday, February 22nd. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, CBRE Group has a consensus rating of “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.