CBRE Group, Inc. $CBRE Shares Sold by Comerica Bank

Comerica Bank decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,677 shares of the financial services provider’s stock after selling 7,564 shares during the quarter. Comerica Bank’s holdings in CBRE Group were worth $11,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its stake in CBRE Group by 1.9% during the third 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 during the last quarter. NewEdge Advisors LLC increased its stake in CBRE Group by 1.7% during the third quarter. NewEdge Advisors LLC now owns 4,367 shares of the financial services provider’s stock worth $688,000 after acquiring an additional 71 shares during the last quarter. Evergreen Capital Management LLC increased its stake 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 worth $306,000 after acquiring an additional 75 shares during the last quarter. Larson Financial Group LLC increased its stake in CBRE Group by 11.0% during the third quarter. Larson Financial Group LLC now owns 778 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 77 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in CBRE Group by 8.2% during the third quarter. Versant Capital Management Inc now owns 1,031 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Up 0.5%

Shares of NYSE CBRE opened at $146.98 on Wednesday. The company has a market capitalization of $43.04 billion, a price-to-earnings ratio of 33.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08. The business has a 50-day moving average of $141.25 and a two-hundred day moving average of $153.49. CBRE Group, Inc. has a 1 year low of $118.58 and a 1 year high of $174.27.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. The company had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.CBRE Group’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, analysts forecast that CBRE Group, Inc. will post 7.72 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

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 owned 42,519 shares in the company, valued at approximately $5,676,711.69. The trade was a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Emma E. Giamartino sold 9,223 shares of CBRE Group 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 $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. Insiders have sold a total of 9,810 shares of company stock valued at $1,448,600 over the last ninety days. 0.46% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CBRE shares. Evercore reaffirmed an “outperform” rating and issued a $179.00 price objective on shares of CBRE Group in a research note on Friday. 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 lifted their price objective on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Weiss Ratings raised CBRE Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $179.86.

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.