Rockbridge Asset Management LLC Makes New $1.52 Million Investment in CBRE Group, Inc. $CBRE

Rockbridge Asset Management LLC acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,295 shares of the financial services provider’s stock, valued at approximately $1,521,000. CBRE Group comprises 1.0% of Rockbridge Asset Management LLC’s investment portfolio, making the stock its 16th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. grew its stake in shares of CBRE Group by 5.7% during the first quarter. QRG Capital Management Inc. now owns 135,635 shares of the financial services provider’s stock worth $18,373,000 after acquiring an additional 7,349 shares during the last quarter. Flputnam Investment Management Co. raised its position in shares of CBRE Group by 39.5% in the 4th quarter. Flputnam Investment Management Co. now owns 137,524 shares of the financial services provider’s stock valued at $22,112,000 after purchasing an additional 38,944 shares during the last quarter. Abacus Wealth Partners LLC purchased a new position in shares of CBRE Group in the 4th quarter valued at approximately $2,147,000. Northwestern Mutual Wealth Management Co. boosted its stake in CBRE Group by 5,115.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock worth $163,581,000 after purchasing an additional 997,848 shares in the last quarter. Finally, Norges Bank purchased a new stake in CBRE Group during the 4th quarter worth approximately $643,405,000. Institutional investors own 98.41% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total transaction 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 trade represents a 2.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 business’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 $33,810.12. Following the completion of the sale, the insider owned 41,778 shares in the company, valued at $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 over the last ninety days. Company insiders own 0.46% of the company’s stock.

CBRE Group Stock Up 5.2%

Shares of CBRE opened at $154.99 on Thursday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. CBRE Group, Inc. has a 12 month low of $121.69 and a 12 month high of $174.27. The stock’s 50 day moving average is $141.14 and its two-hundred day moving average is $141.35. The firm has a market cap of $44.88 billion, a P/E ratio of 35.55 and a beta of 1.18.

CBRE Group (NYSE:CBRE) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.09. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The business had revenue of $11.23 billion during the quarter, compared to analyst estimates of $11.18 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Analysts predict that CBRE Group, Inc. will post 7.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CBRE. Keefe, Bruyette & Woods lifted their price objective 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. Weiss Ratings downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Barclays lifted their price target on CBRE Group from $180.00 to $183.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Evercore reissued an “outperform” rating and issued a $175.00 price objective on shares of CBRE Group in a report on Thursday, July 30th. Eight investment 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, CBRE Group has an average rating of “Moderate Buy” and a consensus target price of $181.00.

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.