CBRE Group (NYSE:CBRE) Insider Chad Doellinger Sells 228 Shares
📉 Insider Chad Doellinger sold 228 shares of CBRE stock on August 13th for $33,810.12 under a pre-arranged Rule 10b5-1 trading plan.
💰 Following the sale, insider Chad Doellinger retains 41,778 shares valued at approximately $6.2 million.
📈 CBRE reported quarterly EPS of $1.56, beating analyst estimates of $1.47 by $0.09.
💵 The company generated revenue of $11.23 billion, exceeding expectations of $11.18 billion for the quarter.
📊 Quarterly revenue increased 15.1% year-over-year, with EPS rising from $1.19 in the prior year period.
🎯 The firm achieved a net margin of 2.98% and a return on equity of 25.12% for the quarter.
🔮 CBRE has set full-year 2026 guidance between $7.80 and $7.90 per share in earnings.
📉 Wall Street Zen downgraded CBRE from a 'buy' to a 'hold' rating on August 2nd.
🔼 UBS Group raised its price target from $185.00 to $190.00 and maintained a 'buy' rating.
📊 MarketBeat consensus analyst target price is set at $180.57 with an average rating of 'Moderate Buy'.
🏦 Institutional investors own 98.41% of the company's outstanding shares.
🚀 Sound Income Strategies LLC grew its stake by 5,180% in the first quarter to own 264 shares.
- CBRE beat quarterly earnings expectations with EPS of $1.56 versus a consensus estimate of $1.47.
- Revenue of $11.23 billion exceeded analyst expectations of $11.18 billion for the quarter.
- The company achieved a 15.1% year-over-year increase in quarterly revenue.
- UBS Group raised its price target from $185.00 to $190.00 and reaffirmed a 'buy' rating.
- Jefferies Financial Group reissued a 'buy' rating on the stock.
- Evercore reissued an 'outperform' rating with a $175.00 price target.
- Institutional ownership remains extremely high at 98.41% of the company's shares.
- Several hedge funds and institutional investors established new positions or increased stakes in Q1.
- Wall Street Zen downgraded CBRE from a 'buy' rating to a 'hold' rating on August 2nd.
- Weiss Ratings lowered its rating from 'buy (b-)' to 'hold (c+)' on May 26th.