Parallel Advisors LLC Has $2.04 Million Position in CBRE Group, Inc. $CBRE

Parallel Advisors LLC lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 221.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 15,053 shares of the financial services provider’s stock after purchasing an additional 10,377 shares during the period. Parallel Advisors LLC’s holdings in CBRE Group were worth $2,039,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CBRE. Carlson Capital L.P. bought a new stake in CBRE Group during the 1st quarter worth about $1,610,000. Axiom Investment Management LLC bought a new position in shares of CBRE Group in the first quarter worth about $65,000. Wellington Grp LLC raised its stake in shares of CBRE Group by 39.4% in the first quarter. Wellington Grp LLC now owns 4,047 shares of the financial services provider’s stock worth $548,000 after acquiring an additional 1,144 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of CBRE Group by 32.1% during the first quarter. SOA Wealth Advisors LLC. now owns 1,235 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 300 shares in the last quarter. Finally, Anson Funds Management LP acquired a new position in shares of CBRE Group during the first quarter worth approximately $5,563,000. 98.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. UBS Group boosted their price objective on shares of CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Finally, Keefe, Bruyette & Woods lifted their target price on CBRE Group from $158.00 to $174.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $180.57.

CBRE Group Trading Down 2.3%

Shares of NYSE CBRE opened at $147.62 on Friday. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27. The firm has a market capitalization of $42.75 billion, a P/E ratio of 33.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day simple moving average is $137.66 and its 200 day simple moving average is $142.66.

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

Insider Buying and Selling at CBRE Group

In related news, CEO Vikramaditya Kohli sold 2,666 shares of CBRE Group stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the sale, the chief executive officer directly owned 134,869 shares of the company’s stock, valued at $20,230,350. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of the company’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 completion of the sale, the chief financial officer owned 110,729 shares of the company’s stock, valued at $14,476,709.46. This represents a 1.99% 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. 0.46% of the stock is owned by company insiders.

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.