49,723 Shares in CBRE Group, Inc. $CBRE Bought by Reliant Investment Management LLC

Reliant Investment Management LLC purchased a new position in shares of CBRE Group, Inc. (NYSE:CBRE) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 49,723 shares of the financial services provider’s stock, valued at approximately $6,388,000. CBRE Group accounts for 2.2% of Reliant Investment Management LLC’s holdings, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC grew its stake in CBRE Group by 3.6% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 2,056 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 72 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of CBRE Group by 0.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,643 shares of the financial services provider’s stock valued at $1,171,000 after acquiring an additional 76 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of CBRE Group by 16.4% during the first quarter. Root Financial Partners LLC now owns 562 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 79 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of CBRE Group by 2.7% during the first quarter. Stephens Inc. AR now owns 3,532 shares of the financial services provider’s stock valued at $478,000 after acquiring an additional 92 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its position in shares of CBRE Group by 8.0% during the first quarter. Resonant Capital Advisors LLC now owns 1,500 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 111 shares during the period. Institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CBRE shares. UBS Group increased their target price on CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of CBRE Group in a research report on Friday, August 21st. Barclays boosted their price target on shares of CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods lowered their price objective on shares of CBRE Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Finally, Evercore restated an “outperform” rating and set a $175.00 price objective on shares of CBRE Group in a report on Thursday, July 30th. Six research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.40.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $128.72 on Thursday. The stock has a market cap of $37.28 billion, a price-to-earnings ratio of 29.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.14. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27. The firm’s 50-day simple moving average is $141.20 and its 200 day simple moving average is $139.57.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.09. The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $11.18 billion. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 EPS. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. As a group, research analysts anticipate that CBRE Group, Inc. will post 7.79 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was 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 approximately $16,086,350.91. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total value of $399,900.00. Following the sale, the chief executive officer owned 134,869 shares of the company’s stock, valued at $20,230,350. This trade represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 5,144 shares of company stock valued at $767,363 over the last 90 days. Insiders own 0.46% of the company’s stock.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm headquartered in Dallas, Texas. Through its operations in the Americas, Europe, the Middle East and Africa, and the Asia-Pacific region, the company serves corporations, property owners, investors, lenders, and public-sector organizations.

CBRE’s services include commercial property leasing and sales, tenant and occupier representation, capital markets advisory, property valuation, consulting, research, and development services.