Proficio Capital Partners LLC Makes New Investment in CBRE Group, Inc. $CBRE

Proficio Capital Partners LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 4,101 shares of the financial services provider’s stock, valued at approximately $552,000.

Several other hedge funds have also added to or reduced their stakes in the business. Rehmann Capital Advisory Group raised its stake in shares of CBRE Group by 2.5% during the second quarter. Rehmann Capital Advisory Group now owns 7,462 shares of the financial services provider’s stock valued at $1,005,000 after acquiring an additional 184 shares during the last quarter. Quantitative Investment Management LLC increased its stake in shares of CBRE Group by 65.9% in the second quarter. Quantitative Investment Management LLC now owns 23,305 shares of the financial services provider’s stock valued at $3,138,000 after buying an additional 9,261 shares during the period. New Mexico Educational Retirement Board lifted its stake in shares of CBRE Group by 6.7% in the second quarter. New Mexico Educational Retirement Board now owns 14,399 shares of the financial services provider’s stock worth $1,939,000 after acquiring an additional 900 shares during the period. Public Employees Retirement System of Ohio bought a new stake in CBRE Group in the second quarter valued at approximately $14,398,000. Finally, Adelante Capital Management LLC acquired a new stake in CBRE Group during the 2nd quarter valued at approximately $6,174,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $333,652.50. Following the completion of the sale, the chief financial officer owned 108,479 shares in the company, valued at $16,086,350.91. This represents a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chad J. Doellinger sold 228 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction of $33,810.12. Following the completion of the sale, the insider owned 41,778 shares of the company’s stock, valued at approximately $6,195,259.62. This represents a 0.54% decrease in their position. 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. Insiders have sold 5,144 shares of company stock valued at $767,363 in the last three months. 0.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. UBS Group lifted their target price on CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Evercore reaffirmed an “outperform” rating and set a $175.00 price objective on shares of CBRE Group in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods increased their target price 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. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.33.

CBRE Group Stock Performance

Shares of CBRE opened at $142.06 on Thursday. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50 day moving average price of $144.38 and a two-hundred day moving average price of $140.35. The firm has a market capitalization of $41.14 billion, a P/E ratio of 32.58 and a beta of 1.19.

CBRE Group (NYSE:CBRE) last announced its earnings results 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. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.18 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. CBRE Group’s quarterly revenue was up 15.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Equities analysts forecast that CBRE Group, Inc. will post 7.79 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.