AG2R LA Mondiale Gestion D Actifs Buys Shares of 13,476 CBRE Group, Inc. $CBRE

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 13,476 shares of CBRE Group, Inc. for about $1,685,000 during the first quarter.
• Institutional investors now own 98.41% of CBRE Group, with notable recent increases in holdings by firms such as Royal Bank of Canada and ProShare Advisors LLC.
• CBRE Group reported a EPS of $1.19 for the latest quarter, exceeding analysts' expectations, and has set a fiscal year 2025 guidance of 6.100-6.200 EPS.

AG2R LA Mondiale Gestion D Actifs bought a new stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,476 shares of the financial services provider's stock, valued at approximately $1,685,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after acquiring an additional 11,065 shares during the last quarter. Quadcap Wealth Management LLC acquired a new position in shares of CBRE Group in the 4th quarter worth approximately $432,000. ProShare Advisors LLC lifted its holdings in shares of CBRE Group by 5.2% in the 4th quarter. ProShare Advisors LLC now owns 66,995 shares of the financial services provider's stock worth $8,796,000 after acquiring an additional 3,291 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of CBRE Group by 49.8% in the 4th quarter. Royal Bank of Canada now owns 645,127 shares of the financial services provider's stock worth $84,700,000 after acquiring an additional 214,503 shares during the last quarter. Finally, Strategic Global Advisors LLC lifted its holdings in shares of CBRE Group by 5.9% in the 4th quarter. Strategic Global Advisors LLC now owns 12,503 shares of the financial services provider's stock worth $1,642,000 after acquiring an additional 697 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were 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 approximately $4,151,020.29. This represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,926 shares of company stock valued at $1,338,073. Insiders own 0.42% of the company's stock.

CBRE Group Trading Down 1.2%

Shares of NYSE:CBRE opened at $163.88 on Friday. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56. The company's 50 day moving average is $153.99 and its two-hundred day moving average is $137.11. 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 company has a market cap of $48.76 billion, a PE ratio of 45.91 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The company had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Evercore ISI upped their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the stock an "outperform" rating in a report on Monday, August 25th. JPMorgan Chase & Co. upped their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. Raymond James Financial upped their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Morgan Stanley reiterated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Finally, Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and an average price target of $165.22.

CBRE Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.