Andra AP fonden Lowers Stock Holdings in CBRE Group, Inc. $CBRE

Andra AP fonden cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 19.1% in the 3rd quarter, Holdings Channel reports. The fund owned 178,100 shares of the financial services provider’s stock after selling 42,000 shares during the quarter. Andra AP fonden’s holdings in CBRE Group were worth $28,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. TIAA Trust National Association acquired a new position in shares of CBRE Group in the third quarter valued at approximately $211,000. Artisan Partners Limited Partnership lifted its holdings 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 purchasing an additional 323,998 shares during the period. R Squared Ltd grew its position in CBRE Group by 55.5% in the 3rd quarter. R Squared Ltd now owns 4,802 shares of the financial services provider’s stock valued at $757,000 after buying an additional 1,713 shares during the last quarter. Xponance Inc. increased its stake in CBRE Group by 1.7% in the 3rd quarter. Xponance Inc. now owns 80,453 shares of the financial services provider’s stock valued at $12,676,000 after buying an additional 1,336 shares during the period. Finally, DNB Asset Management AS raised its position in CBRE Group by 2.8% during the 3rd quarter. DNB Asset Management AS now owns 55,665 shares of the financial services provider’s stock worth $8,771,000 after buying an additional 1,529 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Trading Up 1.8%

Shares of CBRE opened at $149.90 on Friday. The firm has a 50 day simple moving average of $161.60 and a 200-day simple moving average of $159.46. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $174.27. The stock has a market cap of $44.24 billion, a price-to-earnings ratio of 38.83 and a beta of 1.34. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.09 and a quick ratio of 1.09.

CBRE Group (NYSE:CBRE) last announced 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 net margin of 2.85% and a return on equity of 21.75%. The firm had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.67 billion. During the same quarter last year, the business earned $2.32 earnings per share. CBRE Group’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 analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CBRE. UBS Group raised shares of CBRE Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $175.00 to $185.00 in a report on Sunday. Barclays increased their price target on shares of CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Keefe, Bruyette & Woods lowered their price objective on CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a report 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 research note on Thursday, February 12th. Finally, Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. Seven research 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 an average 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.