Aberdeen Group plc decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 61.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 254,613 shares of the financial services provider's stock after selling 399,456 shares during the period. Aberdeen Group plc owned approximately 0.09% of CBRE Group worth $32,966,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of CBRE. Massachusetts Financial Services Co. MA increased its stake in CBRE Group by 217.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after buying an additional 2,680,337 shares during the last quarter. Nuveen LLC purchased a new stake in CBRE Group in the 1st quarter worth approximately $214,283,000. GAMMA Investing LLC boosted its position in shares of CBRE Group by 20,889.0% during the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock valued at $168,896,000 after acquiring an additional 1,285,300 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of CBRE Group by 85.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider's stock worth $281,984,000 after buying an additional 991,354 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in CBRE Group by 212.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider's stock worth $142,633,000 after buying an additional 741,477 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.
Analyst Ratings Changes
CBRE has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Morgan Stanley restated an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. UBS Group boosted their price objective on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Evercore ISI increased their price objective on CBRE Group from $147.00 to $164.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $158.00.
Check Out Our Latest Stock Report on CBRE Group
CBRE Group Stock Up 2.9%
CBRE traded up $4.62 during trading on Friday, reaching $163.74. The stock had a trading volume of 385,529 shares, compared to its average volume of 1,800,508. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $164.05. The company has a market capitalization of $48.72 billion, a price-to-earnings ratio of 45.86 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock's 50 day moving average is $145.90 and its two-hundred day moving average is $134.87.
CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The firm had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.
Insider Buying and Selling
In other CBRE Group news, CAO Lindsey S. Caplan sold 1,494 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at $4,151,020.29. The trade was a 5.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the transaction, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,926 shares of company stock worth $1,338,073. 0.42% of the stock is owned by corporate insiders.
About CBRE Group
(
Free Report)
CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
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