CBRE Group, Inc. $CBRE Position Boosted by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. increased its stake in CBRE Group, Inc. by 39.4%, acquiring an additional 65,853 shares during the first quarter, bringing its total holdings to approximately $28.23 million.
• Insider selling activity was noted as CFO Emma E. Giamartino and CEO Vikramaditya Kohli sold shares, decreasing their ownership by 1.90% and 0.89%, respectively.
• CBRE Group recently reported earnings per share (EPS) of $1.19, exceeding analyst expectations, with a fiscal year 2025 guidance set between 6.100-6.200 EPS.

APG Asset Management N.V. boosted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 39.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 233,153 shares of the financial services provider's stock after purchasing an additional 65,853 shares during the period. APG Asset Management N.V. owned approximately 0.08% of CBRE Group worth $28,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its holdings in shares of CBRE Group by 4.8% in the first quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider's stock valued at $1,042,317,000 after acquiring an additional 368,214 shares in the last quarter. Invesco Ltd. increased its holdings in shares of CBRE Group by 6.6% during the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider's stock valued at $837,938,000 after acquiring an additional 397,818 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in CBRE Group by 217.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock worth $511,781,000 after acquiring an additional 2,680,337 shares during the period. Northern Trust Corp lifted its stake in CBRE Group by 2.1% during the 1st quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider's stock valued at $506,158,000 after acquiring an additional 80,791 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of CBRE Group by 24.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock valued at $487,127,000 after buying an additional 738,704 shares during the period. Institutional investors own 98.41% of the company's stock.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,000 shares of the business's 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 transaction, the chief financial officer directly owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group 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 sale, the chief accounting officer owned 26,717 shares in the company, valued at $4,151,020.29. This represents a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,926 shares of company stock valued at $1,338,073. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Stock Performance

CBRE stock traded down $0.01 on Friday, hitting $161.98. The company's stock had a trading volume of 426,754 shares, compared to its average volume of 1,802,104. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $165.41. 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 has a market cap of $48.20 billion, a price-to-earnings ratio of 45.37 and a beta of 1.34. The firm has a 50 day moving average of $148.94 and a two-hundred day moving average of $135.53.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.14. The company had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CBRE. Keefe, Bruyette & Woods upped their target price on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Evercore ISI upped their price target on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday. Raymond James Financial upped their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. UBS Group lifted their target price on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and a consensus 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.