Munich Reinsurance Co Stock Corp in Munich raised its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 59.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,969 shares of the financial services provider's stock after acquiring an additional 13,400 shares during the period. Munich Reinsurance Co Stock Corp in Munich's holdings in CBRE Group were worth $4,845,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of CBRE. Concurrent Investment Advisors LLC lifted its holdings in shares of CBRE Group by 46.7% during the second 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. NEOS Investment Management LLC grew its holdings in shares of 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 worth $14,675,000 after purchasing an additional 7,046 shares during the last quarter. Nykredit A S bought a new stake in shares of CBRE Group in the 2nd quarter worth about $14,315,000. Requisite Capital Management LLC acquired a new stake in shares of CBRE Group during the 2nd quarter worth about $212,000. Finally, Legacy Financial Advisors Inc. increased its position in shares of CBRE Group by 20.6% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 4,952 shares of the financial services provider's stock worth $667,000 after purchasing an additional 845 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.
CBRE Group Trading Down 0.7%
Shares of NYSE CBRE opened at $147.71 on Friday. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The company has a market cap of $42.77 billion, a PE ratio of 33.88 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 company has a 50-day moving average of $144.87 and a two-hundred day moving average of $140.44.
CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.09. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $11.18 billion. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. CBRE Group's quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. As a group, equities analysts expect that CBRE Group, Inc. will post 7.79 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have commented on CBRE shares. Weiss Ratings restated a "hold (c+)" rating on shares of CBRE Group in a research report on Friday, August 21st. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $158.00 to $174.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Barclays lifted their target price on shares of CBRE Group from $180.00 to $183.00 and gave the company an "overweight" rating in a research note on Monday, August 17th. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Finally, Jefferies Financial Group restated a "buy" rating on shares of CBRE Group in a research report on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $180.33.
Check Out Our Latest Stock Report on CBRE
Insider Buying and Selling at CBRE Group
In other news, insider Chad J. Doellinger sold 228 shares of the company's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $33,810.12. Following the transaction, the insider owned 41,778 shares of the company's stock, valued at $6,195,259.62. This represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 dated Thursday, August 13th. The stock was sold at an average price of $148.29, for a total value of $333,652.50. Following the completion of the sale, the chief financial officer owned 108,479 shares of the company's stock, valued at approximately $16,086,350.91. The trade was a 2.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 5,144 shares of company stock worth $767,363. Insiders own 0.46% of the company's stock.
CBRE Group Company Profile
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Free Report)
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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