Danske Bank A S Invests $43.17 Million in CBRE Group, Inc. $CBRE

Danske Bank A S bought a new stake in CBRE Group, Inc. (NYSE:CBRE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 273,982 shares of the financial services provider’s stock, valued at approximately $43,169,000. Danske Bank A S owned 0.09% of CBRE Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CBRE. State Street Corp grew its position in CBRE Group by 0.8% during the 3rd quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock worth $2,180,594,000 after purchasing an additional 105,586 shares during the last quarter. Principal Financial Group Inc. raised 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 valued at $1,491,855,000 after buying an additional 809,796 shares during the last quarter. Invesco Ltd. raised its holdings in shares of CBRE Group by 16.1% in the third quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock valued at $981,795,000 after buying an additional 862,656 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 buying an additional 532,151 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in shares of CBRE Group by 8.8% during the third quarter. Artisan Partners Limited Partnership now owns 4,021,991 shares of the financial services provider’s stock worth $633,705,000 after buying an additional 323,998 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 1.9%

NYSE CBRE opened at $133.75 on Thursday. The stock has a market capitalization of $39.48 billion, a P/E ratio of 34.65 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. The firm has a 50-day moving average price of $154.37 and a 200 day moving average price of $157.26. 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 announced its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.05. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The firm had revenue of $11.63 billion during the quarter, compared to the consensus estimate of $11.67 billion. During the same quarter last year, the firm earned $2.32 earnings per share. The firm’s 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. Equities research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Keefe, Bruyette & Woods decreased their price objective on CBRE Group from $192.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 13th. Barclays lowered their target price on CBRE Group from $192.00 to $174.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, UBS Group upgraded CBRE Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $179.86.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 471 shares of the company’s 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 transaction, the insider owned 42,519 shares of the company’s stock, valued at $5,676,711.69. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 9,223 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total value 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 approximately $18,799,313.61. This trade represents a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,810 shares of company stock valued at $1,448,600 over the last three months. Insiders own 0.42% of the company’s stock.

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.