Hsbc Holdings PLC Sells 21,224 Shares of CBRE Group, Inc. $CBRE

Hsbc Holdings PLC trimmed its position in CBRE Group, Inc. (NYSE:CBRE) by 3.0% in the first quarter, Holdings Channel.com reports. The firm owned 677,433 shares of the financial services provider’s stock after selling 21,224 shares during the period. Hsbc Holdings PLC’s holdings in CBRE Group were worth $91,738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBRE. State Street Corp boosted its stake in shares of CBRE Group by 0.8% in the 3rd quarter. State Street Corp now owns 13,839,768 shares of the financial services provider’s stock valued at $2,180,594,000 after purchasing an additional 105,586 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of CBRE Group by 1.1% during the fourth quarter. Principal Financial Group Inc. now owns 9,567,987 shares of the financial services provider’s stock worth $1,538,443,000 after buying an additional 99,532 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CBRE Group by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 8,475,131 shares of the financial services provider’s stock worth $1,369,409,000 after buying an additional 151,027 shares during the last quarter. Harris Associates L P raised its stake in shares of CBRE Group by 0.6% during the fourth quarter. Harris Associates L P now owns 6,928,621 shares of the financial services provider’s stock worth $1,114,053,000 after buying an additional 38,646 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in CBRE Group by 6.4% in the fourth quarter. Morgan Stanley now owns 6,691,017 shares of the financial services provider’s stock valued at $1,075,849,000 after buying an additional 403,489 shares during the period. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 0.0%

Shares of NYSE CBRE opened at $140.89 on Monday. The stock has a market cap of $41.26 billion, a P/E ratio of 32.09 and a beta of 1.20. The firm has a 50 day moving average price of $134.43 and a 200 day moving average price of $144.69. 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, Inc. has a 52-week low of $121.69 and a 52-week high of $174.27.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.48. The company had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Analysts expect that CBRE Group, Inc. will post 7.75 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on CBRE. Barclays lifted their target price on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Keefe, Bruyette & Woods increased their price target on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Evercore set a $169.00 price objective on CBRE Group in a report on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $178.86.

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction on 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 in the company, valued at $14,476,709.46. This represents a 1.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by company insiders.

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.