Andra AP fonden Sells 69,700 Shares of CBRE Group, Inc. $CBRE

Andra AP fonden decreased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 59.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,872 shares of the financial services provider's stock after selling 69,700 shares during the quarter. Andra AP fonden's holdings in CBRE Group were worth $6,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service boosted its position in CBRE Group by 5.9% in the second quarter. National Pension Service now owns 607,893 shares of the financial services provider's stock worth $81,877,000 after purchasing an additional 33,882 shares during the last quarter. Engineers Gate Manager LP increased its holdings in CBRE Group by 0.9% in the 2nd quarter. Engineers Gate Manager LP now owns 113,398 shares of the financial services provider's stock worth $15,274,000 after acquiring an additional 1,002 shares during the last quarter. Cidel Asset Management Inc. increased its holdings in CBRE Group by 8.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 2,328 shares of the financial services provider's stock worth $314,000 after acquiring an additional 180 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in CBRE Group by 132.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,941 shares of the financial services provider's stock valued at $1,204,000 after acquiring an additional 5,093 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in CBRE Group by 67.7% during the second quarter. NewEdge Advisors LLC now owns 8,653 shares of the financial services provider's stock valued at $1,165,000 after purchasing an additional 3,494 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CBRE. Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Barclays raised their price objective on shares of CBRE Group from $180.00 to $183.00 and gave the stock an "overweight" rating in a report on Monday, August 17th. Weiss Ratings reissued a "hold (c+)" rating on shares of CBRE Group in a report on Friday, August 21st. Evercore reiterated an "outperform" rating and set a $175.00 price objective on shares of CBRE Group in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods increased their price objective on CBRE Group from $158.00 to $174.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and a consensus price target of $180.33.

Insiders Place Their Bets

In related news, CFO Emma Giamartino sold 2,250 shares of CBRE Group stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $148.29, for a total value of $333,652.50. Following the transaction, the chief financial officer owned 108,479 shares in the company, valued at $16,086,350.91. This trade represents a 2.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of the business's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the sale, the chief executive officer directly owned 134,869 shares of the company's stock, valued at $20,230,350. This represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,144 shares of company stock valued at $767,363 over the last quarter. 0.46% of the stock is owned by corporate insiders.

CBRE Group Stock Down 3.4%

CBRE stock opened at $136.27 on Thursday. The company's 50 day moving average is $145.23 and its 200 day moving average is $139.96. The stock has a market cap of $39.46 billion, a price-to-earnings ratio of 31.25 and a beta of 1.19. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.09. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The firm had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $11.18 billion. During the same quarter last year, the company posted $1.19 EPS. The business's quarterly revenue was up 15.1% on a year-over-year basis. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. Sell-side analysts predict that CBRE Group, Inc. will post 7.79 EPS for the current fiscal year.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment company headquartered in Dallas, Texas. Through its businesses, CBRE provides services to occupiers, owners, investors and developers of office, industrial, retail, multifamily, hotel and other property types.

The company's principal activities include property leasing and sales, tenant and landlord representation, property management, facilities management, valuation and advisory services, capital markets, mortgage servicing, project management and real estate development.

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