CBRE Group, Inc. $CBRE Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC cut its CBRE Group stake by 16.4% in the fourth quarter, selling 45,267 shares and leaving it with 231,265 shares worth about $37.2 million.
• Several insiders sold shares, including CFO Emma E. Giamartino, who sold 2,250 shares in a Rule 10b5-1 transaction; insiders sold 2,944 shares total over the last quarter.
• Analysts remain mostly positive on CBRE, with eight Buy ratings and one Hold, and a consensus target price of $180.29, even though the stock was trading at $126.27, near its 52-week low.

Intech Investment Management LLC trimmed its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 231,265 shares of the financial services provider's stock after selling 45,267 shares during the quarter. Intech Investment Management LLC owned about 0.08% of CBRE Group worth $37,185,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CBRE. Navalign LLC acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $29,000. Ameriflex Group Inc. acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $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 worth $43,000 after acquiring an additional 73 shares during the last quarter. Finally, Caitlin John LLC acquired a new position in shares of CBRE Group in the 3rd quarter worth approximately $45,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Chad J. Doellinger sold 471 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total value of $62,883.21. Following the sale, the insider directly owned 42,519 shares in the company, valued at approximately $5,676,711.69. This trade represents a 1.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,250 shares of the firm's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the sale, the chief financial officer owned 110,729 shares in the company, valued at $14,476,709.46. The trade was a 1.99% 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. Over the last quarter, insiders have sold 2,944 shares of company stock worth $387,153. 0.46% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on CBRE. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $170.00 to $175.00 and gave the stock an "outperform" rating in a report on Friday, April 24th. Weiss Ratings lowered shares of CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, April 25th. UBS Group upgraded shares of CBRE Group from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $175.00 to $185.00 in a report on Sunday, February 22nd. Finally, Barclays upped their price objective on shares of CBRE Group from $175.00 to $178.00 and gave the stock an "overweight" rating in a report on Tuesday, May 5th. Eight investment 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, CBRE Group presently has an average rating of "Moderate Buy" and a consensus target price of $180.29.

CBRE Group Price Performance

CBRE Group stock opened at $126.27 on Friday. The firm has a market cap of $36.97 billion, a PE ratio of 28.76 and a beta of 1.28. CBRE Group, Inc. has a 52-week low of $121.83 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. The company's 50 day moving average is $139.20 and its two-hundred day moving average is $150.72.

CBRE Group (NYSE:CBRE - Get Free Report) last released 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 company had revenue of $10.53 billion for 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%. The firm's quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, research analysts expect that CBRE Group, Inc. will post 7.72 EPS for the current fiscal 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.

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