CBRE Group (NYSE:CBRE) Insider Chad Doellinger Sells 471 Shares

by · The Cerbat Gem

CBRE Group, Inc. (NYSE:CBRE – Get Free Report) insider Chad Doellinger sold 471 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $133.51, for a total transaction of $62,883.21. Following the completion of the sale, the insider directly owned 42,519 shares of the company’s stock, valued at $5,676,711.69. The trade was a 1.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

CBRE Group Stock Down 0.6%

CBRE stock traded down $0.78 during trading on Thursday, hitting $131.71. 3,557,060 shares of the company’s stock traded hands, compared to its average volume of 2,325,178. The firm has a market capitalization of $38.88 billion, a P/E ratio of 34.12 and a beta of 1.33. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $174.27. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $156.74 and a two-hundred day simple moving average of $158.09.

CBRE Group (NYSE:CBRE – Get Free Report) last posted its earnings results on Thursday, February 12th. The financial services provider reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.05. CBRE Group had a return on equity of 21.75% and a net margin of 2.85%.The company had revenue of $11.63 billion during the quarter, compared to analyst estimates of $11.67 billion. During the same quarter in the prior year, the business earned $2.32 earnings per share. CBRE Group’s revenue was up 11.8% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.300-7.600 EPS. Sell-side analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current year.

Institutional Trading of CBRE Group

Several large investors have recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after buying an additional 11,065 shares during the last quarter. Woodline Partners LP lifted its position in CBRE Group by 38.2% during the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock worth $3,266,000 after acquiring an additional 6,908 shares during the period. Geneos Wealth Management Inc. grew its stake in CBRE Group by 67.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 179 shares during the last quarter. Wedbush Securities Inc. acquired a new position in shares of CBRE Group in the second quarter valued at about $220,000. Finally, Penserra Capital Management LLC raised its stake in shares of CBRE Group by 9.8% in the second quarter. Penserra Capital Management LLC now owns 1,642 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CBRE. Keefe, Bruyette & Woods cut their target price on CBRE Group from $192.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Weiss Ratings downgraded shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. Barclays boosted their price objective on shares of CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $175.00 to $185.00 in a research report on Sunday, February 22nd. Finally, Raymond James Financial set a $180.00 price objective on CBRE Group and gave the company an “outperform” rating in a report on Thursday, February 12th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.43.

Read Our Latest Analysis on CBRE Group

CBRE Group Company Profile

(Get Free Report)

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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