Louisiana State Employees Retirement System Makes New Investment in CBRE Group, Inc. $CBRE

Louisiana State Employees Retirement System acquired a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,800 shares of the financial services provider’s stock, valued at approximately $2,005,000.

A number of other institutional investors also recently modified their holdings of CBRE. Legal & General Group Plc raised its holdings in shares of CBRE Group by 2.6% during the third quarter. Legal & General Group Plc now owns 2,121,144 shares of the financial services provider’s stock valued at $334,207,000 after acquiring an additional 52,985 shares in the last quarter. AIA Group Ltd bought a new stake in CBRE Group in the third quarter valued at $1,734,000. Teachers Retirement System of The State of Kentucky boosted its holdings 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 in the last quarter. Fisher Asset Management LLC increased its position in CBRE Group by 96.1% during the 3rd quarter. Fisher Asset Management LLC now owns 43,533 shares of the financial services provider’s stock valued at $6,859,000 after purchasing an additional 21,328 shares during the period. Finally, Abacus Wealth Partners LLC purchased a new position in CBRE Group during the 4th quarter valued at $2,147,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBRE has been the subject of several research analyst reports. Barclays raised their target price on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Evercore set a $169.00 price target on shares of CBRE Group in a research report on Tuesday. UBS Group restated a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods upped their target price on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $178.86.

CBRE Group Stock Performance

CBRE Group stock opened at $134.75 on Wednesday. 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 company has a market capitalization of $39.46 billion, a P/E ratio of 30.69 and a beta of 1.21. The stock’s 50 day moving average is $136.23 and its 200 day moving average is $146.70. CBRE Group, Inc. has a twelve month low of $121.69 and a twelve month high of $174.27.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data 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 company had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the company 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. On average, equities research analysts predict that CBRE Group, Inc. will post 7.65 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s 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 transaction, the chief financial officer directly owned 110,729 shares in the company, valued at $14,476,709.46. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by insiders.

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.