Reliant Investment Management LLC Purchases New Shares in CBRE Group, Inc. $CBRE

Key Points

• Reliant Investment Management purchased 49,723 CBRE Group shares worth approximately $6.4 million during the third quarter, making CBRE about 2.2% of its portfolio. Institutional investors collectively own 98.41% of the company.
• Analyst sentiment remains favorable, with six Buy ratings and one Hold rating, resulting in a consensus “Moderate Buy” rating and an average price target of $178.40.
• CBRE exceeded quarterly expectations, reporting $1.56 in EPS versus the $1.47 estimate and $11.23 billion in revenue, up 15.1% year over year. However, company insiders sold a combined 5,144 shares worth $767,363 in the latest quarter.

Reliant Investment Management LLC purchased a new position in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 49,723 shares of the financial services provider's stock, valued at approximately $6,388,000. CBRE Group accounts for approximately 2.2% of Reliant Investment Management LLC's investment portfolio, making the stock its 20th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ascentis Independent Advisors bought a new stake in shares of CBRE Group in the 1st quarter valued at $30,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of CBRE Group during the first quarter worth $33,000. MV Capital Management Inc. bought a new position in CBRE Group during the fourth quarter worth $42,000. Sound Income Strategies LLC raised its stake in CBRE Group by 5,180.0% during the first quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider's stock worth $36,000 after buying an additional 259 shares during the last quarter. Finally, Reflection Asset Management bought a new position in CBRE Group during the fourth quarter worth $46,000. Institutional investors and hedge funds own 98.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CBRE shares. Evercore restated an "outperform" rating and issued a $175.00 target price on shares of CBRE Group in a report on Thursday, July 30th. Barclays increased their price target on CBRE Group from $180.00 to $183.00 and gave the stock an "overweight" rating in a report on Monday, August 17th. Keefe, Bruyette & Woods decreased their price target on CBRE Group from $174.00 to $164.00 and set an "outperform" rating for the company in a report on Friday, October 9th. Wall Street Zen lowered CBRE Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of CBRE Group in a research report on Friday, August 21st. Six 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, CBRE Group currently has a consensus rating of "Moderate Buy" and an average price target of $178.40.

CBRE Group Price Performance

Shares of CBRE opened at $128.72 on Thursday. CBRE Group, Inc. has a 52-week low of $121.69 and a 52-week high of $174.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.14. The business's 50 day moving average price is $141.20 and its two-hundred day moving average price is $139.57. The firm has a market cap of $37.28 billion, a PE ratio of 29.52 and a beta of 1.23.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly 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 firm had revenue of $11.23 billion for 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 EPS. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. On average, equities analysts anticipate that CBRE Group, Inc. will post 7.79 EPS for the current year.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,250 shares of the business's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $333,652.50. Following the transaction, the chief financial officer owned 108,479 shares in the company, valued at $16,086,350.91. The trade was a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 transaction, the chief executive officer directly owned 134,869 shares in the company, valued at approximately $20,230,350. This represents a 1.94% 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. Insiders have sold 5,144 shares of company stock worth $767,363 in the last quarter. Company insiders own 0.46% of the company's stock.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm headquartered in Dallas, Texas. Through its operations in the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region, the company serves corporations, property owners, investors, lenders, and public-sector organizations.

CBRE's services include commercial property leasing and sales, tenant and occupier representation, capital markets advisory, property valuation, consulting, research, and development services.

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