Bank of New York Mellon Corp Has $200.38 Million Stake in CBRE Group, Inc. $CBRE

Bank of New York Mellon Corp lowered its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 8.1% during the first quarter, HoldingsChannel.com reports. The fund owned 1,479,233 shares of the financial services provider’s stock after selling 129,793 shares during the quarter. Bank of New York Mellon Corp’s holdings in CBRE Group were worth $200,377,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of CBRE Group in the 4th quarter worth about $643,405,000. Swedbank AB grew its stake in CBRE Group by 119.6% during the first quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock worth $348,306,000 after purchasing an additional 1,400,452 shares during the period. Viking Global Investors LP bought a new stake in CBRE Group in the third quarter worth approximately $190,648,000. Northwestern Mutual Wealth Management Co. lifted its stake in CBRE Group by 5,115.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock valued at $163,581,000 after buying an additional 997,848 shares during the period. Finally, XN LP bought a new position in shares of CBRE Group during the 4th quarter worth approximately $147,134,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Trading Down 1.9%

NYSE CBRE opened at $140.89 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27. The business has a 50 day moving average price of $134.43 and a 200-day moving average price of $144.83. The company has a market cap of $41.26 billion, a price-to-earnings ratio of 32.09 and a beta of 1.20.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the business earned $0.86 EPS. CBRE Group’s quarterly 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. As a group, equities analysts expect that CBRE Group, Inc. will post 7.75 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction 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 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 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. Company insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of several research analyst reports. Evercore set a $169.00 price objective on shares of CBRE Group in a research note on Tuesday, June 30th. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. UBS Group reaffirmed a “buy” rating on shares of CBRE Group in a research note on Wednesday, June 17th. Finally, Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.86.

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.