Public Employees Retirement System of Ohio Purchases Shares of 106,895 CBRE Group, Inc. $CBRE

Public Employees Retirement System of Ohio purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 106,895 shares of the financial services provider’s stock, valued at approximately $14,398,000.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in CBRE Group during the 4th quarter worth $643,405,000. Swedbank AB grew its position in shares of CBRE Group by 119.6% in the 1st quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock valued at $348,306,000 after buying an additional 1,400,452 shares during the last quarter. Viking Global Investors LP bought a new stake in shares of CBRE Group in the 3rd quarter valued at about $190,648,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of CBRE Group by 5,115.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock valued at $163,581,000 after buying an additional 997,848 shares during the period. Finally, XN LP acquired a new stake in shares of CBRE Group in the fourth quarter valued at about $147,134,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insiders Place Their Bets

In related news, insider Chad J. Doellinger sold 228 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $33,810.12. Following the transaction, the insider owned 41,778 shares in the company, valued at $6,195,259.62. The trade was a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of the 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 transaction, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 5,144 shares of company stock worth $767,363. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group lifted their price objective on CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of CBRE Group in a report on Friday, August 21st. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $158.00 to $174.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Finally, Evercore reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of CBRE Group in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.33.

CBRE Group Stock Up 0.2%

Shares of NYSE:CBRE opened at $151.12 on Monday. 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 0.66, a current ratio of 1.14 and a quick ratio of 1.14. The business’s 50-day moving average is $143.69 and its 200-day moving average is $140.51. The company has a market capitalization of $43.76 billion, a price-to-earnings ratio of 34.66 and a beta of 1.18.

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 the consensus estimate of $1.47 by $0.09. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $11.18 billion. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The firm’s revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Equities research analysts predict that CBRE Group, Inc. will post 7.77 earnings per share for the current 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.