Teachers Retirement System of The State of Kentucky Reduces Stock Position in CBRE Group, Inc. $CBRE

Key Points

• Teachers Retirement System of Kentucky cut its stake in CBRE by 87.7% in Q4, selling 167,240 shares and leaving 23,434 shares valued at about $3.77 million.
• Company insiders have been net sellers recently — CFO Emma Giamartino sold 9,223 shares and Chad J. Doellinger sold 471 shares, with insiders offloading 9,810 shares (~$1.45M) over the past three months and now owning 0.46% of the stock.
• CBRE posted a beat (Q EPS $1.61 vs. $1.13 est., revenue $10.53B) and analysts remain bullish, with a consensus "Buy" rating and an average price target of $179.86.

Teachers Retirement System of The State of Kentucky cut its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 87.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,434 shares of the financial services provider's stock after selling 167,240 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in CBRE Group were worth $3,768,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CBRE. ORG Partners LLC grew its position in CBRE Group by 264.4% in the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider's stock worth $26,000 after acquiring an additional 119 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in CBRE Group during the third quarter valued at approximately $32,000. Bank of Jackson Hole Trust bought a new stake in shares of CBRE Group in the 3rd quarter valued at approximately $38,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CBRE Group in the 4th quarter valued at approximately $42,000. Finally, Caitlin John LLC purchased a new position in shares of CBRE Group in the 3rd quarter worth approximately $45,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In related news, insider Chad J. Doellinger sold 471 shares of CBRE Group stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total transaction of $62,883.21. Following the transaction, the insider directly owned 42,519 shares of the company's stock, valued at $5,676,711.69. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 9,223 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $148.61, for a total transaction of $1,370,630.03. Following the completion of the transaction, the chief financial officer directly owned 126,501 shares of the company's stock, valued at $18,799,313.61. This trade represents a 6.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,810 shares of company stock worth $1,448,600. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CBRE has been the topic of several recent research reports. Weiss Ratings upgraded CBRE Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays boosted their price objective on shares of CBRE Group from $174.00 to $175.00 and gave the company an "overweight" rating in a research report on Tuesday, April 14th. Evercore restated an "outperform" rating and issued a $179.00 target price on shares of CBRE Group in a report on Friday. Finally, UBS Group raised shares of CBRE Group from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $179.86.

CBRE Group Stock Down 1.3%

NYSE:CBRE opened at $146.39 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08. CBRE Group, Inc. has a 1-year low of $118.58 and a 1-year high of $174.27. The company has a 50-day moving average of $141.13 and a 200 day moving average of $153.52. The firm has a market cap of $42.86 billion, a PE ratio of 33.35 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm posted $0.86 EPS. The company's revenue for the quarter was up 18.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. As a group, research analysts anticipate that CBRE Group, Inc. will post 7.59 EPS for the current fiscal 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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