CBRE Group, Inc. $CBRE Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in CBRE Group, Inc. (NYSE:CBRE) by 12.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 164,777 shares of the financial services provider’s stock after selling 23,290 shares during the quarter. Victory Capital Management Inc. owned about 0.06% of CBRE Group worth $25,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its stake in CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after acquiring an additional 11,065 shares during the period. Woodline Partners LP boosted its holdings in shares of CBRE Group by 38.2% during the first quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock worth $3,266,000 after purchasing an additional 6,908 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of CBRE Group by 67.0% in the first quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 179 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in CBRE Group by 196.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 15,853 shares of the financial services provider’s stock worth $2,221,000 after buying an additional 10,502 shares during the period. Finally, Wedbush Securities Inc. purchased a new position in CBRE Group during the second quarter worth about $220,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

NYSE CBRE opened at $136.89 on Tuesday. The firm has a market capitalization of $40.40 billion, a P/E ratio of 35.46 and a beta of 1.33. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $174.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50-day simple moving average is $158.47 and its 200-day simple moving average is $158.66.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 12th. The financial services provider reported $2.73 earnings per share (EPS) 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 business had revenue of $11.63 billion during the quarter, compared to analysts’ expectations of $11.67 billion. During the same quarter in the previous year, the business earned $2.32 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. Equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CBRE. Barclays upped their price objective on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Keefe, Bruyette & Woods lowered their target price on shares of CBRE Group from $192.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. UBS Group raised shares of CBRE Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Finally, Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $182.43.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 9,223 shares of the business’s 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 in the company, valued at $18,799,313.61. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

About CBRE Group

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.