Deutsche Bank AG cut its holdings in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,724,565 shares of the financial services provider’s stock after selling 45,563 shares during the period. Deutsche Bank AG owned 0.58% of CBRE Group worth $277,293,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Navalign LLC purchased a new position in CBRE Group during the fourth quarter valued at approximately $29,000. Ameriflex Group Inc. purchased a new position in CBRE Group during the third quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CBRE Group during the fourth quarter valued at approximately $42,000. SBI Securities Co. Ltd. increased its holdings in CBRE Group by 37.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 267 shares of the financial services provider’s stock valued at $43,000 after buying an additional 73 shares during the period. Finally, Caitlin John LLC purchased a new position in CBRE Group during the third quarter valued at approximately $45,000. 98.41% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CBRE. Evercore reissued an “outperform” rating and set a $179.00 price objective on shares of CBRE Group in a report on Friday, April 24th. Barclays lifted their price objective on shares of CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. 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 has an average rating of “Moderate Buy” and an average target price of $180.29.
Insiders Place Their Bets
In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 110,729 shares in the company, valued at $14,476,709.46. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is currently owned by company insiders.
CBRE Group Price Performance
Shares of CBRE opened at $134.20 on Thursday. The company has a market cap of $39.30 billion, a price-to-earnings ratio of 30.57 and a beta of 1.21. CBRE Group, Inc. has a twelve month low of $121.69 and a twelve month high of $174.27. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $138.53 and a two-hundred day moving average of $149.28.
CBRE Group (NYSE:CBRE – Get Free Report) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.48. The company had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. CBRE Group’s revenue was up 18.1% compared to the same quarter last year. 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. As a group, analysts predict that CBRE Group, Inc. will post 7.65 earnings per share for the current fiscal year.
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.
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