Rockbridge Asset Management LLC Makes New Investment in CBRE Group, Inc. $CBRE

Rockbridge Asset Management LLC purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,295 shares of the financial services provider’s stock, valued at approximately $1,521,000. CBRE Group accounts for 1.0% of Rockbridge Asset Management LLC’s investment portfolio, making the stock its 16th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its position in 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 valued at $2,180,594,000 after acquiring an additional 105,586 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of CBRE Group by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 9,870,413 shares of the financial services provider’s stock valued at $1,337,051,000 after purchasing an additional 302,426 shares during the period. Geode Capital Management LLC boosted its position in shares of CBRE Group by 1.8% during 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 purchasing an additional 151,027 shares in the last quarter. Harris Associates L P grew its stake in 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 worth $1,114,053,000 after purchasing an additional 38,646 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of CBRE Group by 6.4% during 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 in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Vikramaditya Kohli sold 2,666 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the transaction, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $148.29, for a total transaction of $333,652.50. Following the completion of the sale, the chief financial officer owned 108,479 shares in the company, valued at approximately $16,086,350.91. The trade was a 2.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,144 shares of company stock worth $767,363 in the last three months. 0.46% of the stock is owned by company insiders.

CBRE Group Stock Performance

CBRE opened at $154.99 on Thursday. The company’s 50 day moving average is $141.14 and its 200 day moving average is $141.35. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. The company has a market cap of $44.88 billion, a price-to-earnings ratio of 35.55 and a beta of 1.18. CBRE Group, Inc. has a 12-month low of $121.69 and a 12-month high of $174.27.

CBRE Group (NYSE:CBRE) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.09. The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $11.18 billion. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.CBRE Group’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. On average, equities research analysts predict that CBRE Group, Inc. will post 7.77 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen downgraded CBRE Group from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Barclays lifted their price target on CBRE Group from $180.00 to $183.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. UBS Group raised their price objective on shares of CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $181.00.

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.