Manning & Napier Advisors LLC Sells 82,570 Shares of CBRE Group, Inc. $CBRE

Manning & Napier Advisors LLC trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 805,267 shares of the financial services provider’s stock after selling 82,570 shares during the quarter. CBRE Group comprises about 1.7% of Manning & Napier Advisors LLC’s holdings, making the stock its 15th biggest holding. Manning & Napier Advisors LLC’s holdings in CBRE Group were worth $131,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CBRE. Viking Global Investors LP acquired a new stake in CBRE Group in the 3rd quarter valued at about $190,648,000. Invesco Ltd. lifted 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 purchasing an additional 862,656 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of CBRE Group by 9.4% during the third quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock worth $1,491,855,000 after purchasing an additional 809,796 shares in the last quarter. AGF Management Ltd. grew its stake in shares of CBRE Group by 6,364.1% during the third quarter. AGF Management Ltd. now owns 737,947 shares of the financial services provider’s stock valued at $116,271,000 after purchasing an additional 726,531 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of CBRE Group by 13.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock valued at $704,610,000 after purchasing an additional 532,151 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of several research analyst reports. UBS Group upgraded shares of CBRE Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $175.00 to $185.00 in a research report on Sunday, February 22nd. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Barclays boosted their target price on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore reaffirmed an “outperform” rating and set a $179.00 price target on shares of CBRE Group in a research note on Friday, April 24th. Finally, Weiss Ratings raised CBRE Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $180.29.

Read Our Latest Stock Analysis on CBRE Group

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 9,223 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the sale, the chief financial officer directly owned 126,501 shares in the company, valued at approximately $18,799,313.61. This trade represents a 6.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Chad J. Doellinger sold 471 shares of CBRE Group stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total transaction of $62,883.21. Following the completion of the transaction, the insider directly owned 42,519 shares in the company, valued at approximately $5,676,711.69. The trade was a 1.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,917 shares of company stock valued at $1,463,618 over the last quarter. 0.46% of the stock is owned by insiders.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $146.32 on Friday. The stock’s fifty day simple moving average is $140.88 and its 200 day simple moving average is $153.10. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $42.84 billion, a PE ratio of 33.33 and a beta of 1.28. CBRE Group, Inc. has a 12 month low of $118.81 and a 12 month high of $174.27.

CBRE Group (NYSE:CBRE – Get Free Report) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. The firm 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 company’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, research analysts predict that CBRE Group, Inc. will post 7.72 EPS for the current year.

About CBRE Group

(Free Report)

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.

Recommended Stories

• Five stocks we like better than CBRE Group

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE – Free Report).