Assenagon Asset Management S.A. Trims Stock Position in CBRE Group, Inc. $CBRE

Key Points

• Assenagon Asset Management cut its CBRE Group stake by 18.8% in the second quarter, selling 293,022 shares and retaining 1.27 million shares valued at approximately $170.9 million. Institutional investors still own 98.41% of the company.
• Analysts remain broadly positive, with eight Buy ratings and one Hold rating, a “Moderate Buy” consensus, and an average price target of $180.57. UBS, Barclays, and Keefe, Bruyette & Woods recently raised their targets.
• CBRE exceeded quarterly expectations, reporting adjusted EPS of $1.56 versus the $1.47 estimate and revenue of $11.23 billion, up 15.1% year over year. Shares opened at $147.62, while company insiders completed two sales under pre-arranged Rule 10b5-1 plans.

Assenagon Asset Management S.A. trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 18.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,268,571 shares of the financial services provider's stock after selling 293,022 shares during the quarter. Assenagon Asset Management S.A. owned about 0.43% of CBRE Group worth $170,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CBRE. Swiss RE Ltd. purchased a new stake in shares of CBRE Group during the fourth quarter worth approximately $25,000. Navalign LLC purchased a new position in CBRE Group in the 4th quarter valued at $29,000. Ascentis Independent Advisors purchased a new position in CBRE Group during the 1st quarter worth $30,000. Cassaday & Co Wealth Management LLC purchased a new position in CBRE Group during the 1st quarter worth $33,000. Finally, MV Capital Management Inc. purchased a new stake in shares of CBRE Group in the fourth quarter valued at about $42,000. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on CBRE shares. Barclays boosted their target price on CBRE Group from $178.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. UBS Group upped their price target on shares of CBRE Group from $185.00 to $190.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $158.00 to $174.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $180.57.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the transaction, the chief financial officer directly owned 110,729 shares of the company's stock, valued at approximately $14,476,709.46. This trade represents a 1.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 CBRE Group stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $150.00, for a total value of $399,900.00. Following the completion of the transaction, the chief executive officer owned 134,869 shares in the company, valued at $20,230,350. The trade was a 1.94% decrease in their position. 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. Company insiders own 0.46% of the company's stock.

CBRE Group Stock Performance

NYSE:CBRE opened at $147.62 on Friday. CBRE Group, Inc. has a 1-year low of $121.69 and a 1-year high of $174.27. The firm has a market cap of $42.75 billion, a PE ratio of 33.86 and a beta of 1.18. The firm has a 50 day simple moving average of $137.66 and a 200-day simple moving average of $142.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.14 and a quick ratio of 1.14.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.09. The business had revenue of $11.23 billion for the quarter, compared to analysts' expectations of $11.18 billion. CBRE Group had a net margin of 2.98% and a return on equity of 25.12%. The company's quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. On average, equities analysts expect that CBRE Group, Inc. will post 7.77 EPS for the current year.

CBRE Group Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.

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