Fisher Asset Management LLC Buys 21,328 Shares of CBRE Group, Inc. $CBRE

Fisher Asset Management LLC increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 96.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,533 shares of the financial services provider’s stock after purchasing an additional 21,328 shares during the quarter. Fisher Asset Management LLC’s holdings in CBRE Group were worth $6,859,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its position in shares of CBRE Group by 12.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock valued at $99,575,000 after purchasing an additional 70,670 shares during the last quarter. Principal Financial Group Inc. boosted its holdings 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 buying an additional 809,796 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 buying an additional 3,438 shares during the last quarter. Donoghue Forlines LLC bought a new stake in CBRE Group during the third quarter valued at approximately $2,104,000. Finally, Cornerstone Investment Partners LLC increased its holdings in CBRE Group by 13.7% during the third quarter. Cornerstone Investment Partners LLC now owns 392,759 shares of the financial services provider’s stock valued at $61,883,000 after buying an additional 47,460 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on CBRE. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Raymond James Financial set a $180.00 target price on CBRE Group and gave the stock an “outperform” rating in a report on Thursday, February 12th. Keefe, Bruyette & Woods lowered their target price on CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $175.00 to $185.00 in a report on Sunday, February 22nd. Finally, Barclays raised their price objective on CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.43.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 9,223 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the completion of the sale, the chief financial officer directly owned 126,501 shares of the company’s stock, valued at $18,799,313.61. This trade represents a 6.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.42% of the stock is owned by insiders.

CBRE Group Trading Down 0.6%

Shares of CBRE stock opened at $140.90 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day simple moving average of $159.57 and a two-hundred day simple moving average of $158.98. The firm has a market capitalization of $41.59 billion, a PE ratio of 36.50 and a beta of 1.33. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $174.27.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data 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. CBRE Group had a return on equity of 21.75% and a net margin of 2.85%.The firm had revenue of $11.63 billion during the quarter, compared to analyst estimates of $11.67 billion. During the same quarter in the prior year, the company posted $2.32 earnings per share. The business’s quarterly revenue 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. On average, analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.