California State Teachers Retirement System Sells 36,284 Shares of CBRE Group, Inc. $CBRE

California State Teachers Retirement System decreased its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 7.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 435,600 shares of the financial services provider's stock after selling 36,284 shares during the quarter. California State Teachers Retirement System owned approximately 0.15% of CBRE Group worth $58,670,964 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CBRE. Saudi Central Bank lifted its holdings in CBRE Group by 88.1% in the second quarter. Saudi Central Bank now owns 20,661 shares of the financial services provider's stock valued at $2,783,000 after acquiring an additional 9,677 shares during the period. AlphaGrep UK Ltd bought a new position in shares of CBRE Group during the second quarter valued at $417,000. Munich Reinsurance Co Stock Corp in Munich raised its position in shares of CBRE Group by 59.4% during the second quarter. Munich Reinsurance Co Stock Corp in Munich now owns 35,969 shares of the financial services provider's stock worth $4,845,000 after purchasing an additional 13,400 shares during the period. Concurrent Investment Advisors LLC raised its holdings in CBRE Group by 46.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 9,004 shares of the financial services provider's stock valued at $1,213,000 after acquiring an additional 2,865 shares during the period. Finally, NEOS Investment Management LLC increased its position in CBRE Group by 6.9% in the 2nd quarter. NEOS Investment Management LLC now owns 108,956 shares of the financial services provider's stock valued at $14,675,000 after acquiring an additional 7,046 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of research analyst reports. UBS Group lifted their price target on CBRE Group from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Evercore reissued an "outperform" rating and issued a $175.00 price target on shares of CBRE Group in a report on Thursday, July 30th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Barclays upped their target price on CBRE Group from $180.00 to $183.00 and gave the company an "overweight" rating in a research note on Monday, August 17th. Finally, Keefe, Bruyette & Woods lifted their price target on CBRE Group from $158.00 to $174.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and a consensus target price of $180.33.

Insider Activity

In related news, insider Chad J. Doellinger sold 228 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $33,810.12. Following the completion of the sale, the insider owned 41,778 shares in the company, valued at $6,195,259.62. This trade represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 dated Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total transaction of $399,900.00. Following the transaction, the chief executive officer owned 134,869 shares of the company's stock, valued at approximately $20,230,350. This represents a 1.94% decrease in their ownership of the stock. 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. Insiders 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 insiders.

CBRE Group Stock Down 0.5%

NYSE CBRE traded down $0.69 during trading hours on Tuesday, hitting $140.21. The company's stock had a trading volume of 701,566 shares, compared to its average volume of 2,070,537. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27. The company's 50-day simple moving average is $145.21 and its two-hundred day simple moving average is $140.22. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $40.60 billion, a PE ratio of 32.18 and a beta of 1.19.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $11.18 billion. During the same period in the prior year, the firm posted $1.19 EPS. 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. Research analysts anticipate that CBRE Group, Inc. will post 7.79 EPS for the current fiscal year.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment company headquartered in Dallas, Texas. Through its businesses, CBRE provides services to occupiers, owners, investors and developers of office, industrial, retail, multifamily, hotel and other property types.

The company's principal activities include property leasing and sales, tenant and landlord representation, property management, facilities management, valuation and advisory services, capital markets, mortgage servicing, project management and real estate development.

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