Segall Bryant & Hamill LLC trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 10.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 41,448 shares of the financial services provider’s stock after selling 4,994 shares during the period. Segall Bryant & Hamill LLC’s holdings in CBRE Group were worth $5,615,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the business. Swiss RE Ltd. acquired a new stake in CBRE Group during the 4th quarter worth about $25,000. Navalign LLC purchased a new position in CBRE Group during the 4th quarter valued at about $29,000. Ascentis Independent Advisors acquired a new position in shares of CBRE Group in the 1st quarter valued at about $30,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of CBRE Group in the 1st quarter valued at about $33,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CBRE Group in the fourth quarter worth approximately $42,000. 98.41% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at CBRE Group
In other CBRE Group news, CEO Vikramaditya Kohli sold 2,666 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total value of $399,900.00. Following the completion of the sale, the chief executive officer 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the sale, the chief financial officer owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This trade 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 insiders.
CBRE Group Stock Performance
CBRE Group (NYSE:CBRE – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.09. The business 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%. CBRE Group’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. Equities analysts expect that CBRE Group, Inc. will post 7.77 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Barclays raised their price target on shares of CBRE Group from $178.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. UBS Group increased their target price 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. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $158.00 to $174.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Sunday. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.57.
Get Our Latest Stock Analysis on CBRE
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.
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