Jain Global LLC Sells 70,842 Shares of CBRE Group, Inc. $CBRE

Jain Global LLC cut its position in CBRE Group, Inc. (NYSE:CBRE) by 52.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 64,530 shares of the financial services provider’s stock after selling 70,842 shares during the quarter. Jain Global LLC’s holdings in CBRE Group were worth $10,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CBRE. Parallel Advisors LLC boosted its position in shares of CBRE Group by 1.9% during the 3rd quarter. Parallel Advisors LLC now owns 3,773 shares of the financial services provider’s stock worth $594,000 after acquiring an additional 71 shares in the last quarter. Advisors Capital Management LLC raised its position in CBRE Group by 4.0% during the second quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 73 shares in the last quarter. Evergreen Capital Management LLC raised its position in CBRE Group by 3.6% during the second quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 75 shares in the last quarter. Quotient Wealth Partners LLC lifted its stake in CBRE Group by 5.4% during the third quarter. Quotient Wealth Partners LLC now owns 1,517 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 78 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of CBRE Group by 8.2% in the 3rd quarter. Versant Capital Management Inc now owns 1,031 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 78 shares in the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 1.0%

Shares of NYSE:CBRE opened at $135.08 on Tuesday. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $174.27. The company has a market capitalization of $39.87 billion, a PE ratio of 35.00 and a beta of 1.33. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.09. The company has a fifty day moving average of $155.63 and a 200-day moving average of $157.60.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.05. The company had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.67 billion. CBRE Group had a return on equity of 21.75% and a net margin of 2.85%.CBRE Group’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $2.32 EPS. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. On average, equities analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity

In other news, insider Chad J. Doellinger sold 471 shares of CBRE Group stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the sale, the insider directly owned 42,519 shares of the company’s stock, valued at approximately $5,676,711.69. This trade represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 9,223 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $148.61, for a total value of $1,370,630.03. Following the sale, the chief financial officer owned 126,501 shares in the company, valued at approximately $18,799,313.61. This trade represents a 6.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,810 shares of company stock valued at $1,448,600 over the last quarter. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CBRE. UBS Group upgraded CBRE Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $175.00 to $185.00 in a research note on Sunday, February 22nd. Raymond James Financial set a $180.00 price objective on CBRE Group and gave the company an “outperform” rating in a research note on Thursday, February 12th. Keefe, Bruyette & Woods decreased their target price on CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Weiss Ratings downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 13th. Finally, Barclays dropped their target price on shares of CBRE Group from $192.00 to $174.00 and set an “overweight” rating for the company in a report on Friday. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, CBRE Group has a consensus rating of “Moderate Buy” and an average price target of $179.86.

CBRE Group 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.