California Public Employees Retirement System Sells 15,867 Shares of CBRE Group, Inc. $CBRE

California Public Employees Retirement System cut its stake in CBRE Group, Inc. (NYSE:CBRE) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 523,988 shares of the financial services provider’s stock after selling 15,867 shares during the quarter. California Public Employees Retirement System’s holdings in CBRE Group were worth $70,979,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Atlas Wealth LLC bought a new position in shares of CBRE Group during the 1st quarter valued at $1,227,000. Brummer Multi Strategy AB purchased a new position in CBRE Group in the first quarter worth about $6,748,000. Bessemer Group Inc. grew its stake in shares of CBRE Group by 4.1% during the 1st quarter. Bessemer Group Inc. now owns 19,128 shares of the financial services provider’s stock valued at $2,591,000 after purchasing an additional 745 shares during the period. B&I Capital AG purchased a new stake in shares of CBRE Group during the 1st quarter valued at about $467,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of CBRE Group by 17.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,647,453 shares of the financial services provider’s stock worth $221,566,000 after purchasing an additional 238,807 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

CBRE Group Stock Down 0.0%

CBRE opened at $140.89 on Monday. The stock has a market cap of $41.26 billion, a price-to-earnings ratio of 32.09 and a beta of 1.20. 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 firm’s fifty day moving average is $134.43 and its 200 day moving average is $144.69. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27.

CBRE Group (NYSE:CBRE) last posted its quarterly 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 business had revenue of $10.53 billion for 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 business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last 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, sell-side analysts forecast that CBRE Group, Inc. will post 7.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CBRE has been the subject of several recent research reports. Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Barclays upped their price target on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus price target of $178.86.

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.