Bank Julius Baer & Co. Ltd Zurich Sells 51,686 Shares of CBRE Group, Inc. $CBRE

Bank Julius Baer & Co. Ltd Zurich decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 37.1% in the fourth quarter, HoldingsChannel reports. The firm owned 87,792 shares of the financial services provider’s stock after selling 51,686 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in CBRE Group were worth $14,116,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in CBRE Group by 12.6% in the third quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock worth $99,575,000 after purchasing an additional 70,670 shares during the last quarter. Principal Financial Group Inc. lifted its position in CBRE Group by 9.4% during the third quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock valued at $1,491,855,000 after purchasing an additional 809,796 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in CBRE Group by 43.0% during the third quarter. Smartleaf Asset Management LLC now owns 11,435 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 3,438 shares during the last quarter. Donoghue Forlines LLC purchased a new position in shares of CBRE Group in the 3rd quarter worth $2,104,000. Finally, Cornerstone Investment Partners LLC increased its holdings in shares of CBRE Group by 13.7% in the 3rd quarter. Cornerstone Investment Partners LLC now owns 392,759 shares of the financial services provider’s stock worth $61,883,000 after buying an additional 47,460 shares during the last quarter. 98.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on CBRE shares. Barclays upped their target price on shares of CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $175.00 to $185.00 in a research note on Sunday, February 22nd. Keefe, Bruyette & Woods upped their price objective on CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Raymond James Financial set a $180.00 price objective on CBRE Group and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CBRE Group currently has an average rating of “Buy” and a consensus target price of $180.29.

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 471 shares of the firm’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 approximately $5,676,711.69. This trade represents a 1.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 9,223 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $148.61, for a total value of $1,370,630.03. Following the transaction, the chief financial officer owned 126,501 shares of the company’s stock, valued at approximately $18,799,313.61. The trade was a 6.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 9,917 shares of company stock valued at $1,463,618 over the last three months. 0.46% of the stock is owned by corporate insiders.

CBRE Group Stock Performance

Shares of NYSE:CBRE opened at $132.23 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a 12 month low of $118.81 and a 12 month high of $174.27. The company has a market capitalization of $38.72 billion, a price-to-earnings ratio of 30.12 and a beta of 1.28. The firm’s 50-day moving average is $140.43 and its 200 day moving average is $152.37.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $10.22 billion. During the same quarter last year, the firm earned $0.86 earnings per share. 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. Research analysts predict that CBRE Group, Inc. will post 7.72 EPS for the current year.

About CBRE Group

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.