Adams Diversified Equity Fund Inc. Sells 3,800 Shares of CBRE Group, Inc. $CBRE

Adams Diversified Equity Fund Inc. trimmed its stake in CBRE Group, Inc. (NYSE:CBRE) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 94,400 shares of the financial services provider’s stock after selling 3,800 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in CBRE Group were worth $15,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Legal & General Group Plc boosted its stake in shares of CBRE Group by 2.6% during the third quarter. Legal & General Group Plc now owns 2,121,144 shares of the financial services provider’s stock valued at $334,207,000 after purchasing an additional 52,985 shares during the period. AIA Group Ltd purchased a new stake in shares of CBRE Group during the third quarter valued at approximately $1,734,000. Alberta Investment Management Corp purchased a new stake in shares of CBRE Group during the third quarter valued at approximately $5,026,000. King Luther Capital Management Corp lifted its stake in CBRE Group by 554.2% in the third quarter. King Luther Capital Management Corp now owns 23,602 shares of the financial services provider’s stock worth $3,719,000 after acquiring an additional 19,994 shares during the period. Finally, NEOS Investment Management LLC lifted its stake in CBRE Group by 66.0% in the third quarter. NEOS Investment Management LLC now owns 65,343 shares of the financial services provider’s stock worth $10,295,000 after acquiring an additional 25,983 shares during the period. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CBRE has been the subject of several recent research reports. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $175.00 to $185.00 in a research report on Sunday, February 22nd. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Keefe, Bruyette & Woods raised their price objective on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Finally, Evercore reissued an “outperform” rating and set a $179.00 price objective on shares of CBRE Group 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.29.

CBRE Group Price Performance

NYSE CBRE opened at $133.16 on Friday. CBRE Group, Inc. has a one year low of $121.69 and a one year high of $174.27. The stock has a 50-day moving average of $138.43 and a 200 day moving average of $148.99. The company has a market capitalization of $38.99 billion, a price-to-earnings ratio of 30.33 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08.

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

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s 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 directly owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.46% 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.