CIBC Bancorp USA Inc. Invests $18.54 Million in CBRE Group, Inc. $CBRE

CIBC Bancorp USA Inc. purchased a new position in CBRE Group, Inc. (NYSE:CBRE) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 117,650 shares of the financial services provider’s stock, valued at approximately $18,537,000.

A number of other large investors have also recently added to or reduced their stakes in CBRE. ORG Partners LLC increased its position in shares of CBRE Group by 264.4% in the 3rd quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 119 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in CBRE Group in the second quarter worth about $30,000. Evelyn Partners Asset Management Ltd bought a new stake in CBRE Group in the second quarter valued at about $32,000. Ameriflex Group Inc. acquired a new stake in CBRE Group during the third quarter valued at approximately $32,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $38,000. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Raymond James Financial set a $180.00 price target on CBRE Group and gave the company an “outperform” rating in a research report on Thursday, February 12th. Barclays lowered their target price on shares of CBRE Group from $192.00 to $174.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. UBS Group raised shares of CBRE Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $175.00 to $185.00 in a report on Sunday, February 22nd. Keefe, Bruyette & Woods reduced their price target on shares of CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Finally, Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Seven investment 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.86.

CBRE Group Price Performance

NYSE CBRE opened at $132.99 on Friday. The company has a 50-day moving average price of $153.71 and a two-hundred day moving average price of $157.09. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $174.27. The stock has a market cap of $39.25 billion, a price-to-earnings ratio of 34.45 and a beta of 1.33. 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 quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.05. The company had revenue of $11.63 billion for the quarter, compared to analysts’ expectations of $11.67 billion. CBRE Group had a return on equity of 21.75% and a net margin of 2.85%.The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.32 earnings per share. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. Analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Activity at CBRE Group

In other CBRE Group news, insider Chad J. Doellinger sold 471 shares of CBRE Group stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the sale, the insider owned 42,519 shares of the company’s stock, valued at $5,676,711.69. The trade was a 1.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 9,223 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $148.61, for a total value of $1,370,630.03. Following the transaction, the chief financial officer 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 9,810 shares of company stock worth $1,448,600. 0.42% of the stock is owned by insiders.

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.