CBRE Group, Inc. $CBRE Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,694,034 shares of the financial services provider’s stock after selling 101,494 shares during the quarter. Parnassus Investments LLC owned 0.57% of CBRE Group worth $272,384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Navalign LLC acquired a new position in CBRE Group during the 4th quarter worth $29,000. Ameriflex Group Inc. acquired a new position in CBRE Group during the 3rd quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CBRE Group during the 4th quarter worth $42,000. SBI Securities Co. Ltd. grew its stake in CBRE Group by 37.6% during the 4th quarter. SBI Securities Co. Ltd. now owns 267 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 73 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in CBRE Group during the 3rd quarter worth $45,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,250 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was 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 directly owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.46% of the company’s stock.

CBRE Group Trading Down 1.4%

NYSE:CBRE opened at $132.17 on Friday. The stock has a 50-day simple moving average of $138.46 and a 200-day simple moving average of $149.11. The stock has a market cap of $38.70 billion, a P/E ratio of 30.11 and a beta of 1.21. CBRE Group, Inc. has a 1 year low of $121.69 and a 1 year high of $174.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.48. The business had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. As a group, analysts anticipate that CBRE Group, Inc. will post 7.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Raymond James Financial set a $180.00 target price on CBRE Group and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Finally, Barclays upped their price objective on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. 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, CBRE Group presently has an average rating of “Moderate Buy” and a consensus target price of $180.29.

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.