Allstate Corp Has $3.71 Million Holdings in CBRE Group, Inc. $CBRE

Allstate Corp lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 101.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,063 shares of the financial services provider’s stock after purchasing an additional 11,587 shares during the quarter. Allstate Corp’s holdings in CBRE Group were worth $3,708,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Navalign LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth $29,000. Ameriflex Group Inc. acquired a new stake in shares of CBRE Group during the third quarter worth $32,000. Bank of Jackson Hole Trust acquired a new stake in shares of CBRE Group during the third quarter worth $38,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CBRE Group during the fourth quarter worth $42,000. Finally, SBI Securities Co. Ltd. increased its position in shares of CBRE Group by 37.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 267 shares of the financial services provider’s stock worth $43,000 after buying an additional 73 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CBRE shares. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Barclays raised their price target on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Finally, Raymond James Financial set a $180.00 price target on shares of CBRE Group and gave the stock an “outperform” rating in a report on Thursday, February 12th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $180.29.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the transaction, the chief financial officer directly owned 110,729 shares in the company, valued at $14,476,709.46. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 471 shares of CBRE Group stock in a transaction dated Wednesday, March 11th. The shares were 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 SEC filing for this sale provides additional information. Insiders have sold 2,944 shares of company stock valued at $387,153 over the last quarter. Corporate insiders own 0.46% of the company’s stock.

CBRE Group Stock Up 0.2%

CBRE Group stock opened at $130.02 on Thursday. The firm has a market capitalization of $38.07 billion, a price-to-earnings ratio of 29.62 and a beta of 1.28. The firm’s fifty day moving average price is $139.40 and its two-hundred day moving average price is $150.90. CBRE Group, Inc. has a 1-year low of $121.83 and a 1-year high of $174.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. The firm had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business’s revenue was up 18.1% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, equities research analysts predict that CBRE Group, Inc. will post 7.72 earnings per share 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.