Stoneridge Investment Partners LLC Purchases Shares of 4,453 CBRE Group, Inc. $CBRE

Stoneridge Investment Partners LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 4,453 shares of the financial services provider’s stock, valued at approximately $654,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flputnam Investment Management Co. boosted its holdings in CBRE Group by 39.5% during the fourth quarter. Flputnam Investment Management Co. now owns 137,524 shares of the financial services provider’s stock worth $22,112,000 after buying an additional 38,944 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of CBRE Group by 5.7% in the first quarter. QRG Capital Management Inc. now owns 135,635 shares of the financial services provider’s stock worth $18,373,000 after acquiring an additional 7,349 shares during the period. Abacus Wealth Partners LLC acquired a new position in shares of CBRE Group in the fourth quarter worth about $2,147,000. Norges Bank purchased a new stake in shares of CBRE Group during the 4th quarter worth about $643,405,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of CBRE Group by 5,115.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock worth $163,581,000 after acquiring an additional 997,848 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Performance

CBRE opened at $152.75 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. The company has a market cap of $44.23 billion, a price-to-earnings ratio of 35.04 and a beta of 1.18. CBRE Group, Inc. has a 52-week low of $121.69 and a 52-week high of $174.27. The firm’s fifty day simple moving average is $140.17 and its two-hundred day simple moving average is $141.98.

CBRE Group (NYSE:CBRE) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.09. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.18 billion. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Equities analysts anticipate that CBRE Group, Inc. will post 7.77 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In related news, CEO Vikramaditya Kohli sold 2,666 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $150.00, for a total value of $399,900.00. Following the transaction, the chief executive officer directly owned 134,869 shares of the company’s stock, valued at approximately $20,230,350. This trade represents a 1.94% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 228 shares of CBRE Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the sale, the insider owned 41,778 shares in the company, valued at approximately $6,195,259.62. The trade was a 0.54% 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 three months, insiders have sold 5,144 shares of company stock valued at $767,363. 0.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CBRE. Keefe, Bruyette & Woods raised their target price on CBRE Group from $158.00 to $174.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Barclays upped their price target on CBRE Group from $178.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Weiss Ratings downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. UBS Group raised their price objective on CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.57.

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.