TD Waterhouse Canada Inc. Reduces Holdings in CBRE Group, Inc. $CBRE

TD Waterhouse Canada Inc. reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 86.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 9,708 shares of the financial services provider’s stock after selling 59,845 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in CBRE Group were worth $1,330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss RE Ltd. purchased a new position in shares of CBRE Group during the fourth quarter worth about $25,000. Navalign LLC purchased a new stake in shares of CBRE Group in the 4th quarter valued at about $29,000. Ascentis Independent Advisors purchased a new stake in shares of CBRE Group in the 1st quarter valued at about $30,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of CBRE Group in the 1st quarter valued at about $33,000. Finally, MV Capital Management Inc. purchased a new position in CBRE Group during the 4th quarter worth approximately $42,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CBRE shares. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Evercore restated an “outperform” rating and set a $175.00 target price on shares of CBRE Group in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. UBS Group upped their price target on shares of CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of CBRE Group in a research note on Friday, August 21st. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $180.33.

Insider Transactions at CBRE Group

In other news, insider Chad Doellinger sold 228 shares of the firm’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 approximately $6,195,259.62. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of CBRE Group stock in a transaction dated 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 directly owned 108,479 shares in the company, valued at approximately $16,086,350.91. The trade was a 2.03% 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. In the last quarter, insiders sold 5,144 shares of company stock worth $767,363. Company insiders own 0.46% of the company’s stock.

CBRE Group Trading Down 3.8%

NYSE:CBRE opened at $142.26 on Wednesday. CBRE Group, Inc. has a 12-month low of $121.69 and a 12-month high of $174.27. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $145.25 and its 200-day simple moving average is $140.41. The firm has a market cap of $41.20 billion, a P/E ratio of 32.63 and a beta of 1.19.

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