California Public Employees Retirement System Sells 17,296 Shares of CBRE Group, Inc. $CBRE

California Public Employees Retirement System reduced its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 539,073 shares of the financial services provider’s stock after selling 17,296 shares during the quarter. California Public Employees Retirement System owned about 0.18% of CBRE Group worth $84,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CBRE. Norges Bank purchased a new stake in shares of CBRE Group during the second quarter worth $544,554,000. Viking Global Investors LP purchased a new position in shares of CBRE Group in the third quarter valued at $190,648,000. Invesco Ltd. raised its stake in shares of CBRE Group by 16.1% during the 3rd quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock valued at $981,795,000 after purchasing an additional 862,656 shares during the period. Principal Financial Group Inc. raised its stake in shares of CBRE Group by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock valued at $1,491,855,000 after purchasing an additional 809,796 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in CBRE Group by 210.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,083,413 shares of the financial services provider’s stock worth $151,808,000 after purchasing an additional 734,563 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Up 1.0%

CBRE opened at $135.08 on Tuesday. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $174.27. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $155.63 and its 200-day moving average price is $157.60. The company has a market cap of $39.87 billion, a P/E ratio of 35.00 and a beta of 1.33.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, February 12th. The financial services provider reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.05. The business had revenue of $11.63 billion for the quarter, compared to analyst estimates of $11.67 billion. CBRE Group had a net margin of 2.85% and a return on equity of 21.75%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.32 EPS. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. On average, equities analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CBRE shares. Keefe, Bruyette & Woods reduced their target price on CBRE Group from $192.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group upgraded shares of CBRE Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $175.00 to $185.00 in a research report on Sunday, February 22nd. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Finally, Barclays decreased their target price on shares of CBRE Group from $192.00 to $174.00 and set an “overweight” rating on the stock in a report on Friday. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.86.

Insider Activity

In related news, CFO Emma E. Giamartino sold 9,223 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the transaction, the chief financial officer owned 126,501 shares in the company, valued at $18,799,313.61. The trade was a 6.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chad J. Doellinger sold 471 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total value of $62,883.21. Following the transaction, the insider directly owned 42,519 shares of the company’s stock, valued at $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 9,810 shares of company stock worth $1,448,600 over the last three months. 0.42% of the stock is owned by insiders.

About CBRE Group

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.