Brasada Capital Management LP Takes Position in CBRE Group, Inc. $CBRE

Brasada Capital Management LP purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 37,217 shares of the financial services provider’s stock, valued at approximately $5,962,000.

A number of other hedge funds have also recently made changes to their positions in CBRE. Norges Bank acquired a new stake in shares of CBRE Group during the fourth quarter valued at about $643,405,000. Viking Global Investors LP bought a new position in shares of CBRE Group during the third quarter worth about $190,648,000. Northwestern Mutual Wealth Management Co. raised its position in shares of CBRE Group by 5,115.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock worth $163,581,000 after acquiring an additional 997,848 shares during the last quarter. Invesco Ltd. raised its position in shares of CBRE Group by 16.1% during the third quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock worth $981,795,000 after acquiring an additional 862,656 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of CBRE Group by 382.4% during the fourth quarter. Marshall Wace LLP now owns 582,925 shares of the financial services provider’s stock worth $93,729,000 after acquiring an additional 462,084 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Weiss Ratings downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Barclays raised their price objective on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. UBS Group upgraded CBRE Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $175.00 to $185.00 in a research report on Sunday, February 22nd. Finally, Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.29.

CBRE Group Trading Up 0.9%

Shares of CBRE stock opened at $133.16 on Friday. The company has a market cap of $38.99 billion, a P/E ratio of 30.33 and a beta of 1.21. The stock has a 50 day simple moving average of $138.43 and a two-hundred day simple moving average of $148.99. 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, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27.

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

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 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.