Shikiar Asset Management Inc. Decreases Stock Holdings in CBRE Group, Inc. $CBRE

Shikiar Asset Management Inc. trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 23.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,831 shares of the financial services provider’s stock after selling 12,245 shares during the period. CBRE Group comprises 1.6% of Shikiar Asset Management Inc.’s portfolio, making the stock its 20th largest position. Shikiar Asset Management Inc.’s holdings in CBRE Group were worth $5,531,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Swiss RE Ltd. purchased a new position in CBRE Group during the 4th quarter valued at about $25,000. Navalign LLC purchased a new stake in CBRE Group in the 4th quarter worth approximately $29,000. Ameriflex Group Inc. bought a new stake in shares of CBRE Group in the 3rd quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CBRE Group during the fourth quarter valued at approximately $42,000. Finally, MV Capital Management Inc. purchased a new position in shares of CBRE Group during the fourth quarter valued at approximately $42,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

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 value of $294,165.00. Following the sale, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.46% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their target price on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Weiss Ratings lowered CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Barclays raised their target price on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, UBS Group restated a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $178.86.

CBRE Group Price Performance

CBRE stock opened at $134.75 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a 50 day moving average price of $136.23 and a 200-day moving average price of $146.70. CBRE Group, Inc. has a 52-week low of $121.69 and a 52-week high of $174.27. The firm has a market capitalization of $39.46 billion, a price-to-earnings ratio of 30.69 and a beta of 1.21.

CBRE Group (NYSE:CBRE) last posted its quarterly 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. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The company had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The firm’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. Equities research analysts forecast that CBRE Group, Inc. will post 7.65 EPS for the current fiscal year.

CBRE Group Company 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.