TD Waterhouse Canada Inc. Lowers Stock Position in CBRE Group, Inc. $CBRE

Key Points

• TD Waterhouse Canada cut its CBRE Group stake by 86% in the second quarter, selling 59,845 shares and retaining 9,708 shares valued at approximately $1.33 million. Institutional investors collectively own 98.41% of the company.
• CBRE reported quarterly earnings of $1.56 per share, exceeding estimates of $1.47, while revenue rose 15.1% year over year to $11.23 billion. The stock opened at $142.26, down 3.8%, with a market capitalization of about $41.2 billion.
• Analysts maintain a generally positive outlook, giving CBRE a consensus “Moderate Buy” rating and an average price target of $180.33, versus the current share price. Recent targets range as high as $183.

TD Waterhouse Canada Inc. cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 86.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,708 shares of the financial services provider's stock after selling 59,845 shares during the period. TD Waterhouse Canada Inc.'s holdings in CBRE Group were worth $1,330,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp boosted its position in shares of CBRE Group by 0.8% during the 3rd 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. boosted its position in shares of CBRE Group by 3.2% during 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 period. Geode Capital Management LLC grew 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 valued at $1,369,409,000 after buying an additional 151,027 shares in the last quarter. Harris Associates L P grew its stake in shares of CBRE Group by 0.6% in the fourth quarter. Harris Associates L P now owns 6,928,621 shares of the financial services provider's stock valued at $1,114,053,000 after buying an additional 38,646 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of 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 period. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Trading Down 3.8%

NYSE CBRE opened at $142.26 on Wednesday. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27. The firm has a 50 day moving average of $145.25 and a two-hundred day moving average of $140.41. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $41.20 billion, a PE ratio of 32.63 and a beta of 1.19.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.09. The business 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%. The company's revenue was up 15.1% on a year-over-year basis. During the same period last year, the business earned $1.19 EPS. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. As a group, research analysts expect that CBRE Group, Inc. will post 7.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CBRE Group in a research report on Friday, August 21st. Jefferies Financial Group reissued a "buy" rating on shares of CBRE Group in a research note on Friday, May 15th. Evercore restated an "outperform" rating and issued a $175.00 price objective on shares of CBRE Group in a report on Thursday, July 30th. Barclays upped their target price on shares of CBRE Group from $180.00 to $183.00 and gave the stock an "overweight" rating in a research note on Monday, August 17th. Finally, Keefe, Bruyette & Woods raised their price target on shares of CBRE Group from $158.00 to $174.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and a consensus target price of $180.33.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma Giamartino sold 2,250 shares of the 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 transaction, the chief financial officer owned 108,479 shares in the company, valued at approximately $16,086,350.91. This represents a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 228 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $33,810.12. Following the completion of the transaction, the insider owned 41,778 shares in the company, valued at approximately $6,195,259.62. The trade was a 0.54% 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. Insiders have sold a total of 5,144 shares of company stock worth $767,363 over the last ninety days. Corporate insiders own 0.46% of the company's stock.

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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