Corient Private Wealth LP Boosts Stake in CBRE Group, Inc. $CBRE

Key Points

• Corient Private Wealth increased its CBRE Group stake by 39.6% in the second quarter, bringing its holdings to 136,314 shares worth approximately $18.36 million. Institutional investors and hedge funds collectively own 98.41% of the company.
• Analysts maintain a generally positive outlook, with seven Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average price target of $180.33.
• CBRE reported quarterly EPS of $1.56, beating estimates of $1.47, while revenue rose 15.1% year over year to $11.23 billion. The stock opened at $141.12, and insiders have sold 5,144 shares worth $767,363 over the past 90 days.

Corient Private Wealth LP lifted its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 39.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,314 shares of the financial services provider's stock after buying an additional 38,658 shares during the period. Corient Private Wealth LP's holdings in CBRE Group were worth $18,360,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CBRE. Wellington Grp LLC grew its stake in CBRE Group by 60.4% during the 2nd quarter. Wellington Grp LLC now owns 6,491 shares of the financial services provider's stock valued at $874,000 after purchasing an additional 2,444 shares during the last quarter. California State Teachers Retirement System boosted its position in CBRE Group by 12,333.3% in the second quarter. California State Teachers Retirement System now owns 58,670,964 shares of the financial services provider's stock valued at $7,902,392,000 after buying an additional 58,199,080 shares during the last quarter. Saudi Central Bank increased its holdings in CBRE Group by 88.1% in the 2nd quarter. Saudi Central Bank now owns 20,661 shares of the financial services provider's stock worth $2,783,000 after buying an additional 9,677 shares during the period. AlphaGrep UK Ltd acquired a new position in CBRE Group in the 2nd quarter worth approximately $417,000. Finally, Munich Reinsurance Co Stock Corp in Munich raised its position in CBRE Group by 59.4% during the 2nd 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 buying an additional 13,400 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CBRE. UBS Group lifted their price objective on shares of CBRE Group from $185.00 to $190.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Evercore reiterated an "outperform" rating and issued a $175.00 price objective on shares of CBRE Group in a research note on Thursday, July 30th. Weiss Ratings reissued a "hold (c+)" rating on shares of CBRE Group in a report on Friday, August 21st. Barclays boosted their target price on shares of CBRE Group from $180.00 to $183.00 and gave the company an "overweight" rating in a research report on Monday, August 17th. Finally, Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $180.33.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 228 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $33,810.12. Following the transaction, the insider directly owned 41,778 shares of the company's stock, valued at $6,195,259.62. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma Giamartino sold 2,250 shares of CBRE Group 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 $333,652.50. Following the transaction, the chief financial officer owned 108,479 shares in the company, valued at approximately $16,086,350.91. The trade was a 2.03% 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. Over the last ninety days, insiders sold 5,144 shares of company stock worth $767,363. 0.46% of the stock is owned by corporate insiders.

CBRE Group Stock Performance

NYSE CBRE opened at $141.12 on Tuesday. CBRE Group, Inc. has a twelve month low of $121.69 and a twelve month high of $174.27. The stock has a market capitalization of $40.87 billion, a price-to-earnings ratio of 32.37 and a beta of 1.19. 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 stock has a 50-day moving average of $145.21 and a 200 day moving average of $140.22.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.09. The firm had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $11.18 billion. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 EPS. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Sell-side analysts anticipate that CBRE Group, Inc. will post 7.79 EPS for the current fiscal year.

About CBRE Group

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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