Fisher Funds Management LTD Has $6.32 Million Holdings in CBRE Group, Inc. $CBRE

Fisher Funds Management LTD decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 8.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,667 shares of the financial services provider’s stock after selling 4,246 shares during the period. Fisher Funds Management LTD’s holdings in CBRE Group were worth $6,322,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Swiss RE Ltd. bought a new position in shares of CBRE Group during the 4th quarter worth approximately $25,000. Navalign LLC acquired a new position in shares of CBRE Group during the 4th quarter worth approximately $29,000. Ameriflex Group Inc. bought a new stake in CBRE Group in the 3rd quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CBRE Group in the 4th quarter valued at $42,000. Finally, MV Capital Management Inc. acquired a new stake in CBRE Group during the 4th quarter valued at $42,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were 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 owned 110,729 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.46% of the company’s stock.

CBRE Group Stock Performance

NYSE:CBRE opened at $131.36 on Monday. The stock has a 50 day simple moving average of $137.90 and a 200 day simple moving average of $147.91. The stock has a market cap of $38.47 billion, a P/E ratio of 29.92 and a beta of 1.22. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. 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 issued its quarterly earnings data 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 firm had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Research analysts anticipate that CBRE Group, Inc. will post 7.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Barclays increased their price objective on shares of CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.29.

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.