Bank of New York Mellon Corp Has $258.72 Million Stock Position in CBRE Group, Inc. $CBRE

Bank of New York Mellon Corp decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,609,026 shares of the financial services provider’s stock after selling 5,044 shares during the quarter. Bank of New York Mellon Corp’s holdings in CBRE Group were worth $258,715,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CBRE. State Street Corp grew its holdings 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 acquiring an additional 105,586 shares during the period. Principal Financial Group Inc. lifted its position in CBRE Group by 1.1% in the 4th quarter. Principal Financial Group Inc. now owns 9,567,987 shares of the financial services provider’s stock valued at $1,538,443,000 after acquiring an additional 99,532 shares in the last quarter. Geode Capital Management LLC lifted its position in CBRE Group by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 8,475,131 shares of the financial services provider’s stock valued at $1,369,409,000 after acquiring an additional 151,027 shares in the last quarter. Invesco Ltd. lifted its position in CBRE Group by 16.1% in the 3rd quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock valued at $981,795,000 after acquiring an additional 862,656 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in CBRE Group by 8.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 4,021,991 shares of the financial services provider’s stock valued at $633,705,000 after acquiring an additional 323,998 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the transaction, the chief financial officer directly owned 110,729 shares in the company, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 that occurred on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total transaction of $62,883.21. Following the completion of 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,944 shares of company stock valued at $387,153 over the last quarter. 0.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CBRE has been the topic of several recent analyst reports. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Raymond James Financial set a $180.00 target price on shares of CBRE Group and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Evercore reissued an “outperform” rating and set a $179.00 target price on shares of CBRE Group in a research report on Friday, April 24th. UBS Group raised shares of CBRE Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $175.00 to $185.00 in a research report on Sunday, February 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $180.29.

CBRE Group Stock Up 3.9%

CBRE Group stock opened at $130.95 on Friday. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The firm has a market capitalization of $38.34 billion, a price-to-earnings ratio of 29.83 and a beta of 1.21. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The firm has a 50 day simple moving average of $138.55 and a 200 day simple moving average of $149.77.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the business earned $0.86 EPS. CBRE Group’s revenue was up 18.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, analysts predict that CBRE Group, Inc. will post 7.65 earnings per share for the current 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.