Public Employees Retirement System of Ohio Makes New $14.40 Million Investment in CBRE Group, Inc. $CBRE

Public Employees Retirement System of Ohio acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) in the second quarter, Holdings Channel reports. The fund acquired 106,895 shares of the financial services provider’s stock, valued at approximately $14,398,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swiss RE Ltd. bought a new stake in CBRE Group during the 4th quarter valued at $25,000. Navalign LLC bought a new position in shares of CBRE Group in the fourth quarter valued at $29,000. Ascentis Independent Advisors acquired a new position in shares of CBRE Group during the first quarter valued at about $30,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of CBRE Group during the first quarter valued at about $33,000. Finally, MV Capital Management Inc. bought a new stake in shares of CBRE Group during the fourth quarter worth about $42,000. Institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other news, insider Chad J. Doellinger sold 228 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the transaction, the insider directly owned 41,778 shares of the company’s stock, valued at $6,195,259.62. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $150.00, for a total value of $399,900.00. Following the sale, the chief executive officer directly owned 134,869 shares of the company’s stock, valued at $20,230,350. The trade was a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,144 shares of company stock valued at $767,363 in the last 90 days. 0.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CBRE has been the topic of a number of analyst reports. Barclays upped their target price on shares of CBRE Group from $180.00 to $183.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Evercore reiterated an “outperform” rating and set a $175.00 price target on shares of CBRE Group in a research note on Thursday, July 30th. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of CBRE Group in a research note on Friday, August 21st. Finally, Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $180.33.

CBRE Group Stock Performance

Shares of CBRE stock opened at $151.12 on Monday. The firm has a 50-day moving average of $143.69 and a 200-day moving average of $140.51. The company has a market cap of $43.76 billion, a P/E ratio of 34.66 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.14 and a quick ratio of 1.14. CBRE Group, Inc. has a one year low of $121.69 and a one year high of $174.27.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.09. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.18 billion. During the same period last year, the firm earned $1.19 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Equities research analysts forecast that CBRE Group, Inc. will post 7.77 EPS for the current fiscal year.

CBRE Group 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.