Artisan Partners Limited Partnership Sells 114,702 Shares of CBRE Group, Inc. $CBRE

Artisan Partners Limited Partnership reduced its holdings in CBRE Group, Inc. (NYSE:CBRE) by 2.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,907,289 shares of the financial services provider’s stock after selling 114,702 shares during the quarter. CBRE Group accounts for 0.9% of Artisan Partners Limited Partnership’s investment portfolio, making the stock its 25th largest holding. Artisan Partners Limited Partnership’s holdings in CBRE Group were worth $628,253,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CBRE. Norges Bank bought a new position in CBRE Group in the 4th quarter worth about $643,405,000. Viking Global Investors LP bought a new position in CBRE Group in the 3rd quarter worth about $190,648,000. Northwestern Mutual Wealth Management Co. increased its stake in CBRE Group by 5,115.3% in the 4th 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. increased its stake 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 worth $981,795,000 after acquiring an additional 862,656 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in CBRE Group by 382.4% in the 4th 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 currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays upped their target price on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Evercore reiterated an “outperform” rating and set a $179.00 price objective on shares of CBRE Group in a research report on Friday, April 24th. Weiss Ratings lowered CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Keefe, Bruyette & Woods increased 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, Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.29.

CBRE Group Trading Up 1.0%

NYSE CBRE opened at $135.53 on Wednesday. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50 day simple moving average of $138.36 and a two-hundred day simple moving average of $148.55. The stock has a market cap of $39.69 billion, a P/E ratio of 30.87 and a beta of 1.21.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. The company had revenue of $10.53 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, analysts forecast that CBRE Group, Inc. will post 7.65 earnings per share for the current year.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s 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 transaction, the chief financial officer owned 110,729 shares in the company, valued at $14,476,709.46. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is currently owned by insiders.

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.