Czech National Bank Boosts Position in CBRE Group, Inc. $CBRE

Czech National Bank lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBREFree Report) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,347 shares of the financial services provider’s stock after acquiring an additional 4,213 shares during the quarter. Czech National Bank’s holdings in CBRE Group were worth $11,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBRE. Swiss RE Ltd. purchased a new position in CBRE Group during the 4th quarter valued at $25,000. Navalign LLC bought a new position in CBRE Group in the 4th quarter worth $29,000. Ascentis Independent Advisors purchased a new stake in shares of CBRE Group in the 1st quarter worth about $30,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of CBRE Group in the 1st quarter worth about $33,000. Finally, Sound Income Strategies LLC boosted its stake in shares of CBRE Group by 5,180.0% during the 1st quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the topic of several research analyst reports. Barclays boosted their price target on shares of CBRE Group from $178.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $158.00 to $174.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. UBS Group lifted their price objective on CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Finally, Evercore reissued an “outperform” rating and issued a $175.00 target price on shares of CBRE Group in a research report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $180.57.

Read Our Latest Research Report on CBRE

Insider Buying and Selling at CBRE Group

In other news, CEO Vikramaditya Kohli sold 2,666 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the transaction, the chief executive officer directly owned 134,869 shares in the company, valued at $20,230,350. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction dated 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 of the company’s stock, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by company insiders.

CBRE Group Stock Performance

CBRE Group stock opened at $147.92 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $42.83 billion, a P/E ratio of 33.93 and a beta of 1.18. The stock’s 50 day moving average is $138.12 and its 200 day moving average is $142.70. CBRE Group, Inc. has a twelve month low of $121.69 and a twelve month high of $174.27.

CBRE Group (NYSE:CBREGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.09. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $11.18 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. On average, equities research analysts predict that CBRE Group, Inc. will post 7.77 earnings per share for the current fiscal year.

CBRE Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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