California Public Employees Retirement System Sells 15,867 Shares of CBRE Group, Inc. $CBRE

Key Points

• CalPERS reduced its CBRE stake by 2.9% in the first quarter, selling 15,867 shares and leaving it with 523,988 shares valued at about $70.98 million.
• CBRE posted strong quarterly results, reporting earnings of $1.61 per share versus the $1.13 consensus and revenue of $10.53 billion, up 18.1% year over year.
• Analyst sentiment remains positive, with eight Buy ratings and one Hold, giving CBRE a consensus “Moderate Buy” rating and an average price target of $178.86.

California Public Employees Retirement System decreased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 523,988 shares of the financial services provider's stock after selling 15,867 shares during the period. California Public Employees Retirement System owned approximately 0.18% of CBRE Group worth $70,979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Flputnam Investment Management Co. boosted its position in CBRE Group by 39.5% during the 4th quarter. Flputnam Investment Management Co. now owns 137,524 shares of the financial services provider's stock valued at $22,112,000 after buying an additional 38,944 shares during the period. Abacus Wealth Partners LLC bought a new position in shares of CBRE Group during the fourth quarter valued at about $2,147,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of CBRE Group by 5,115.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider's stock worth $163,581,000 after purchasing an additional 997,848 shares during the last quarter. Norges Bank bought a new stake in shares of CBRE Group in the 4th quarter worth approximately $643,405,000. Finally, QRG Capital Management Inc. increased its position in CBRE Group by 5.7% during the 1st quarter. QRG Capital Management Inc. now owns 135,635 shares of the financial services provider's stock valued at $18,373,000 after purchasing an additional 7,349 shares during the period. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $140.89 on Monday. CBRE Group, Inc. has a 1 year low of $121.69 and a 1 year high of $174.27. The firm's 50-day moving average is $134.43 and its 200 day moving average is $144.69. The stock has a market cap of $41.26 billion, a price-to-earnings ratio of 32.09 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.48. The business had revenue of $10.53 billion during the quarter, compared to analyst estimates 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 business earned $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Sell-side analysts anticipate that CBRE Group, Inc. will post 7.75 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,250 shares of the company's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed 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.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several research reports. Weiss Ratings lowered CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, May 26th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. Jefferies Financial Group reaffirmed a "buy" rating on shares of CBRE Group in a research note on Friday, May 15th. UBS Group reissued a "buy" rating on shares of CBRE Group in a research report on Wednesday, June 17th. Finally, Barclays upped their price target on CBRE Group from $175.00 to $178.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $178.86.

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.

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