Summit Global Investments Sells 5,032 Shares of CBRE Group, Inc. $CBRE

Summit Global Investments cut its holdings in CBRE Group, Inc. (NYSE:CBRE) by 24.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,215 shares of the financial services provider’s stock after selling 5,032 shares during the quarter. Summit Global Investments’ holdings in CBRE Group were worth $2,061,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Brighton Jones LLC grew its holdings in CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after purchasing an additional 11,065 shares during the period. Woodline Partners LP lifted its holdings in shares of CBRE Group by 38.2% during the first quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock valued at $3,266,000 after purchasing an additional 6,908 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of CBRE Group by 67.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 179 shares in the last quarter. First Trust Advisors LP boosted its position in shares of CBRE Group by 41.3% in the 2nd quarter. First Trust Advisors LP now owns 24,792 shares of the financial services provider’s stock worth $3,474,000 after purchasing an additional 7,242 shares in the last quarter. Finally, Walleye Capital LLC grew its stake in shares of CBRE Group by 54.6% in the 2nd quarter. Walleye Capital LLC now owns 4,895 shares of the financial services provider’s stock worth $686,000 after buying an additional 1,728 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction of $294,165.00. Following the transaction, the chief financial officer directly owned 110,729 shares of the company’s stock, 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 through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CBRE shares. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. UBS Group restated a “buy” rating on shares of CBRE Group in a report on Wednesday, June 17th. Barclays lifted their price target on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Finally, Evercore set a $169.00 price target on shares of CBRE Group in a research note on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.86.

CBRE Group Stock Performance

CBRE stock opened at $138.71 on Tuesday. The stock has a market capitalization of $40.62 billion, a PE ratio of 31.60 and a beta of 1.20. CBRE Group, Inc. has a 12-month low of $121.69 and a 12-month high of $174.27. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. The stock’s 50 day simple moving average is $134.28 and its 200 day simple moving average is $144.52.

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

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.