Summit Global Investments Sells 5,032 Shares of CBRE Group, Inc. $CBRE

Summit Global Investments lowered its position in CBRE Group, Inc. (NYSE:CBRE) by 24.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,215 shares of the financial services provider’s stock after selling 5,032 shares during the period. Summit Global Investments’ holdings in CBRE Group were worth $2,061,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CBRE. Swiss RE Ltd. purchased a new position in shares of CBRE Group in the fourth quarter valued at about $25,000. Navalign LLC purchased a new stake in shares of CBRE Group during the fourth quarter worth about $29,000. Ascentis Independent Advisors purchased a new stake in shares of CBRE Group during the first quarter worth about $30,000. Cassaday & Co Wealth Management LLC bought a new stake in CBRE Group during the 1st quarter valued at approximately $33,000. Finally, Sound Income Strategies LLC raised its stake in CBRE Group by 5,180.0% during the 1st quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 259 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wall Street Zen cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Evercore set a $169.00 target price on shares of CBRE Group in a report on Tuesday, June 30th. Finally, Barclays upped their target price on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.86.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the sale, the chief financial officer directly owned 110,729 shares in the company, valued at $14,476,709.46. The trade was a 1.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by insiders.

CBRE Group Stock Performance

NYSE CBRE opened at $138.71 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 $121.69 and a 1-year high of $174.27. The business has a 50 day simple moving average of $134.28 and a two-hundred day simple moving average of $144.52. The stock has a market capitalization of $40.62 billion, a PE ratio of 31.60 and a beta of 1.20.

CBRE Group (NYSE:CBRE) 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 return on equity of 24.08% and a net margin of 3.11%.The firm had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the company earned $0.86 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, research analysts predict that CBRE Group, Inc. will post 7.75 EPS for the current fiscal year.

About CBRE Group

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.