CBRE Group, Inc. $CBRE Shares Sold by Citigroup Inc.

Citigroup Inc. lessened its stake in CBRE Group, Inc. (NYSE:CBRE) by 48.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,308 shares of the financial services provider’s stock after selling 129,965 shares during the quarter. Citigroup Inc.’s holdings in CBRE Group were worth $21,477,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised 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 valued at $99,575,000 after buying an additional 70,670 shares during the period. Principal Financial Group Inc. increased its position in shares of 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 acquiring an additional 809,796 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 acquiring an additional 3,438 shares in the last quarter. Donoghue Forlines LLC purchased a new position in shares of CBRE Group in the 3rd quarter valued at $2,104,000. Finally, Cornerstone Investment Partners LLC lifted its holdings in shares of CBRE Group by 13.7% during the 3rd quarter. Cornerstone Investment Partners LLC now owns 392,759 shares of the financial services provider’s stock valued at $61,883,000 after acquiring an additional 47,460 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Price Performance

CBRE stock opened at $149.90 on Friday. The stock’s 50 day moving average is $161.60 and its two-hundred day moving average is $159.46. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $174.27. The company has a market capitalization of $44.24 billion, a PE ratio of 38.83 and a beta of 1.34. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.55.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.05. The business had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.67 billion. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.32 earnings per share. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. Analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on CBRE. UBS Group upgraded CBRE Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $175.00 to $185.00 in a report on Sunday. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Keefe, Bruyette & Woods dropped their target price on CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Barclays boosted their price target on CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Weiss Ratings downgraded shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.43.

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.