Parnassus Investments LLC Trims Stake in CBRE Group, Inc. $CBRE

Parnassus Investments LLC reduced its position in CBRE Group, Inc. (NYSE:CBRE) by 5.7% in the 4th quarter, Holdings Channel reports. The firm owned 1,694,034 shares of the financial services provider’s stock after selling 101,494 shares during the period. Parnassus Investments LLC’s holdings in CBRE Group were worth $272,384,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Navalign LLC purchased a new stake in shares of CBRE Group in the 4th quarter valued at about $29,000. Ameriflex Group Inc. purchased a new stake in shares of CBRE Group in the 3rd quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CBRE Group in the 4th quarter valued at about $42,000. SBI Securities Co. Ltd. lifted its holdings in shares of CBRE Group by 37.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 267 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 73 shares during the last quarter. Finally, Caitlin John LLC purchased a new stake in CBRE Group during the 3rd quarter valued at approximately $45,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on CBRE. Evercore reaffirmed an “outperform” rating and set a $179.00 price objective on shares of CBRE Group in a research note on Friday, April 24th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Weiss Ratings downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $175.00 to $185.00 in a research note on Sunday, February 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $180.29.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the transaction, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

CBRE Group Stock Down 1.4%

CBRE opened at $132.17 on Friday. The company has a market cap of $38.70 billion, a PE ratio of 30.11 and a beta of 1.21. The business has a 50 day moving average price of $138.46 and a two-hundred day moving average price of $149.11. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week 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.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. The business had revenue of $10.53 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. As a group, research analysts anticipate that CBRE Group, Inc. will post 7.65 EPS for the current year.

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.