CBRE Group, Inc. $CBRE Shares Sold by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich decreased its position in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 26.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,569 shares of the financial services provider’s stock after selling 8,200 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in CBRE Group were worth $3,057,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CBRE. Swiss RE Ltd. acquired a new stake in CBRE Group during the 4th quarter valued at $25,000. Navalign LLC acquired a new position in CBRE Group in the 4th quarter worth $29,000. Ascentis Independent Advisors purchased a new position in CBRE Group in the 1st quarter valued at about $30,000. Sound Income Strategies LLC boosted its position in CBRE Group by 5,180.0% in the 1st quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock valued at $36,000 after buying an additional 259 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CBRE Group during the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

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Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the transaction, the chief financial officer directly owned 110,729 shares in the company, valued at $14,476,709.46. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays lifted their target price on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. UBS Group restated a “buy” rating on shares of CBRE Group in a research note on Wednesday, June 17th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Evercore set a $169.00 target price on CBRE Group in a research note on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

Read Our Latest Report on CBRE

CBRE Group Stock Up 0.8%

Shares of NYSE:CBRE opened at $141.01 on Friday. The stock has a market capitalization of $41.29 billion, a price-to-earnings ratio of 32.12 and a beta of 1.20. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The company’s fifty day moving average is $135.03 and its two-hundred day moving average is $145.75. 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 (NYSE:CBRE – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.13 by $0.48. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The business had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the business posted $0.86 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Equities analysts anticipate that CBRE Group, Inc. will post 7.71 EPS for the current year.

About CBRE Group

(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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