CenterBook Partners LP Takes $794,000 Position in CBRE Group, Inc. $CBRE

CenterBook Partners LP purchased a new position in CBRE Group, Inc. (NYSE:CBRE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,937 shares of the financial services provider’s stock, valued at approximately $794,000.

Other institutional investors also recently bought and sold shares of the company. Caprock Group LLC bought a new stake in CBRE Group in the third quarter worth $3,030,000. Cornerstone Investment Partners LLC lifted its position in CBRE Group by 13.7% in the third quarter. Cornerstone Investment Partners LLC now owns 392,759 shares of the financial services provider’s stock worth $61,883,000 after buying an additional 47,460 shares during the last quarter. Legal & General Group Plc lifted its position in CBRE Group by 2.6% in the third quarter. Legal & General Group Plc now owns 2,121,144 shares of the financial services provider’s stock worth $334,207,000 after buying an additional 52,985 shares during the last quarter. Cibc World Market Inc. lifted its position in CBRE Group by 10.2% in the third quarter. Cibc World Market Inc. now owns 135,530 shares of the financial services provider’s stock worth $21,354,000 after buying an additional 12,511 shares during the last quarter. Finally, AIA Group Ltd bought a new stake in CBRE Group in the third quarter worth $1,734,000. 98.41% of the stock is currently owned by institutional investors.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the transaction, the chief financial officer owned 110,729 shares in the company, valued at $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

CBRE has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Keefe, Bruyette & Woods raised their price target on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Finally, Barclays lifted their target price on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $180.29.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $134.20 on Thursday. The stock’s fifty day moving average price is $138.53 and its 200-day moving average price is $149.28. CBRE Group, Inc. has a 12 month low of $121.69 and a 12 month high of $174.27. The firm has a market cap of $39.30 billion, a P/E ratio of 30.57 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.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The firm had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The company’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, equities research analysts expect that CBRE Group, Inc. will post 7.65 earnings per share for the current fiscal year.

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.