Central Pacific Bank Trust Division Sells 12,620 Shares of CBRE Group, Inc. $CBRE

Key Points

• Central Pacific Bank Trust Division cut its CBRE Group stake by 93.6% in the second quarter, selling 12,620 shares and retaining 860 shares valued at approximately $116,000.
• Institutional investors collectively own 98.41% of CBRE Group, with major holders including State Street, Principal Financial Group, Geode Capital Management, Harris Associates, and Morgan Stanley increasing their positions.
• CBRE reported quarterly adjusted earnings of $1.56 per share, surpassing estimates, while revenue rose 15.1% year over year to $11.23 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $180.57.

Central Pacific Bank Trust Division lowered its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 93.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 860 shares of the financial services provider's stock after selling 12,620 shares during the period. Central Pacific Bank Trust Division's holdings in CBRE Group were worth $116,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State Street Corp boosted its position in CBRE Group by 0.8% during the third quarter. State Street Corp now owns 13,839,768 shares of the financial services provider's stock worth $2,180,594,000 after purchasing an additional 105,586 shares during the period. Principal Financial Group Inc. lifted its stake in shares of CBRE Group by 3.2% in the first quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider's stock worth $1,337,051,000 after buying an additional 302,426 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CBRE Group by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 8,475,131 shares of the financial services provider's stock worth $1,369,409,000 after buying an additional 151,027 shares during the last quarter. Harris Associates L P boosted its holdings in shares of CBRE Group by 0.6% during the 4th quarter. Harris Associates L P now owns 6,928,621 shares of the financial services provider's stock worth $1,114,053,000 after buying an additional 38,646 shares during the period. Finally, Morgan Stanley grew its stake in CBRE Group by 6.4% in the 4th quarter. Morgan Stanley now owns 6,691,017 shares of the financial services provider's stock valued at $1,075,849,000 after buying an additional 403,489 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CBRE shares. Jefferies Financial Group reiterated a "buy" rating on shares of CBRE Group in a report on Friday, May 15th. Evercore reaffirmed an "outperform" rating and issued a $175.00 price target on shares of CBRE Group in a research report on Thursday, July 30th. Weiss Ratings cut CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, May 26th. UBS Group increased their target price on CBRE Group from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $180.57.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,250 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 110,729 shares of the company's stock, valued at $14,476,709.46. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of CBRE Group 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 sale, the chief executive officer owned 134,869 shares in the company, valued at $20,230,350. This represents a 1.94% 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 currently owned by company insiders.

CBRE Group Stock Down 2.3%

NYSE CBRE opened at $147.62 on Friday. CBRE Group, Inc. has a twelve month low of $121.69 and a twelve month high of $174.27. The stock has a market cap of $42.75 billion, a PE ratio of 33.86 and a beta of 1.18. The firm has a 50-day simple moving average of $137.66 and a 200 day simple moving average of $142.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.14.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.47 by $0.09. The firm had revenue of $11.23 billion during the quarter, compared to analysts' expectations of $11.18 billion. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The company's revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 EPS. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. On average, research analysts forecast that CBRE Group, Inc. will post 7.77 EPS for the current year.

CBRE Group Company 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.

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