Prosperity Planning Inc. Sells 12,363 Shares of CBRE Group, Inc. $CBRE

Prosperity Planning Inc. trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 28.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 31,199 shares of the financial services provider’s stock after selling 12,363 shares during the period. CBRE Group makes up approximately 1.3% of Prosperity Planning Inc.’s portfolio, making the stock its 22nd biggest holding. Prosperity Planning Inc.’s holdings in CBRE Group were worth $5,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Trust Point Inc. boosted its position in CBRE Group by 42.2% during the 4th quarter. Trust Point Inc. now owns 2,929 shares of the financial services provider’s stock worth $471,000 after buying an additional 869 shares during the period. Mather Group LLC. increased its position in CBRE Group by 29.5% in the 4th quarter. Mather Group LLC. now owns 2,454 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 559 shares during the period. Norden Group LLC acquired a new position in CBRE Group in the 4th quarter valued at approximately $248,000. Silverleafe Capital Partners LLC bought a new position in shares of CBRE Group during the fourth quarter valued at $597,000. Finally, Czech National Bank raised its stake in shares of CBRE Group by 3.8% during the fourth quarter. Czech National Bank now owns 77,295 shares of the financial services provider’s stock valued at $12,428,000 after acquiring an additional 2,854 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Price Performance

CBRE Group stock opened at $131.64 on Friday. The stock has a market capitalization of $38.85 billion, a price-to-earnings ratio of 34.10 and a beta of 1.33. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $174.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s 50 day moving average price is $149.67 and its two-hundred day moving average price is $155.88.

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

Insider Activity

In other news, insider Chad J. Doellinger sold 471 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total value of $62,883.21. Following the completion of the sale, the insider directly owned 42,519 shares in the company, valued at $5,676,711.69. This trade represents a 1.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Emma E. Giamartino sold 9,223 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $148.61, for a total value of $1,370,630.03. Following the completion of the sale, the chief financial officer directly owned 126,501 shares of the company’s stock, valued at $18,799,313.61. The trade was a 6.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,810 shares of company stock worth $1,448,600 in the last quarter. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CBRE. Raymond James Financial set a $180.00 price objective on shares of CBRE Group and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings lowered CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Barclays cut their target price on CBRE Group from $192.00 to $174.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Keefe, Bruyette & Woods reduced their price target on CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Finally, Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and a consensus target price of $179.86.

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.