Parallel Advisors LLC Buys 10,377 Shares of CBRE Group, Inc. $CBRE

Parallel Advisors LLC grew its stake in CBRE Group, Inc. (NYSE:CBRE) by 221.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Flputnam Investment Management Co. lifted its position in shares of CBRE Group by 39.5% in the 4th quarter. Flputnam Investment Management Co. now owns 137,524 shares of the financial services provider’s stock worth $22,112,000 after acquiring an additional 38,944 shares during the period. QRG Capital Management Inc. increased its position in shares of CBRE Group by 5.7% during the first quarter. QRG Capital Management Inc. now owns 135,635 shares of the financial services provider’s stock valued at $18,373,000 after purchasing an additional 7,349 shares during the period. Abacus Wealth Partners LLC acquired a new position in shares of CBRE Group in the fourth quarter valued at $2,147,000. Norges Bank acquired a new position in shares of CBRE Group in the fourth quarter valued at $643,405,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in 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 worth $163,581,000 after purchasing an additional 997,848 shares during the period. Institutional investors own 98.41% of the company’s stock.

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the sale, the chief financial officer owned 110,729 shares in the company, valued at $14,476,709.46. This trade represents a 1.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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 CBRE Group stock in a transaction dated Wednesday, July 29th. The shares were 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 of the company’s stock, valued at $20,230,350. This represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is currently owned by corporate insiders.

CBRE Group Price Performance

Shares of CBRE stock opened at $147.62 on Friday. The stock’s fifty day simple moving average is $137.66 and its 200 day simple moving average is $142.66. CBRE Group, Inc. has a one year low of $121.69 and a one year high of $174.27. The firm has a market cap of $42.75 billion, a price-to-earnings 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.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 25.12% and a net margin of 2.98%.The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. On average, analysts expect that CBRE Group, Inc. will post 7.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CBRE. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $158.00 to $174.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. UBS Group raised their price objective on shares of CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Evercore reiterated an “outperform” rating and set a $175.00 target price on shares of CBRE Group in a research report on Thursday, July 30th. Weiss Ratings cut shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $180.57.

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.