Alberta Investment Management Corp Buys New Stake in CBRE Group, Inc. $CBRE

Alberta Investment Management Corp purchased a new stake in CBRE Group, Inc. (NYSE:CBRE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,900 shares of the financial services provider’s stock, valued at approximately $5,026,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp raised its position in shares of CBRE Group by 1.8% during the 2nd quarter. State Street Corp now owns 13,734,182 shares of the financial services provider’s stock worth $1,924,434,000 after acquiring an additional 236,323 shares in the last quarter. Principal Financial Group Inc. boosted 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 valued at $1,491,855,000 after purchasing an additional 809,796 shares in the last quarter. Geode Capital Management LLC increased its stake in CBRE Group by 1.7% in the second quarter. Geode Capital Management LLC now owns 8,249,441 shares of the financial services provider’s stock valued at $1,158,068,000 after purchasing an additional 134,160 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in CBRE Group by 13.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock worth $704,610,000 after purchasing an additional 532,151 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of CBRE Group during the 2nd quarter worth approximately $544,554,000. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Down 2.0%

CBRE Group stock opened at $149.01 on Friday. The stock has a 50 day moving average of $162.90 and a two-hundred day moving average of $159.76. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $174.27. The stock has a market capitalization of $43.98 billion, a price-to-earnings ratio of 38.60 and a beta of 1.34. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.55.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 12th. The financial services provider reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.05. CBRE Group had a return on equity of 21.75% and a net margin of 2.85%.The business had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.67 billion. During the same quarter in the previous year, the company posted $2.32 earnings per share. The company’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, research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on CBRE shares. Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Barclays lifted 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. UBS Group upped their target price on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Raymond James Financial set a $180.00 price target on CBRE Group and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.00.

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.