CBRE Group, Inc. $CBRE Shares Sold by Avanza Fonder AB

Key Points

• Avanza Fonder AB reduced its stake in CBRE Group, Inc. by 13.9%, selling 4,310 shares and bringing its holdings to 26,598 shares worth approximately $3.73 million.
• Institutional investors control 98.41% of CBRE's stock, demonstrating significant institutional interest, with various institutions increasing their stakes in recent quarters.
• CBRE Group recently reported quarterly earnings of $1.19 per share, exceeding expectations, and has provided FY 2025 guidance of 6.100-6.200 EPS.

Avanza Fonder AB decreased its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 13.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,598 shares of the financial services provider's stock after selling 4,310 shares during the period. Avanza Fonder AB's holdings in CBRE Group were worth $3,727,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBRE. Moody National Bank Trust Division grew its holdings in shares of CBRE Group by 4.2% during the 2nd quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 76 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in CBRE Group by 4.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock valued at $290,000 after buying an additional 85 shares in the last quarter. Beverly Hills Private Wealth LLC increased its holdings in shares of CBRE Group by 1.9% in the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock valued at $663,000 after purchasing an additional 93 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of CBRE Group by 1.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider's stock worth $1,064,000 after buying an additional 102 shares during the period. Finally, Wedmont Private Capital lifted its stake in CBRE Group by 2.7% in the 2nd quarter. Wedmont Private Capital now owns 4,138 shares of the financial services provider's stock worth $578,000 after purchasing an additional 107 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction 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 sale, the chief financial officer owned 103,371 shares in the company, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the transaction, the chief executive officer directly owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,926 shares of company stock worth $1,338,073 over the last 90 days. 0.42% of the stock is currently owned by insiders.

CBRE Group Stock Down 0.9%

CBRE traded down $1.45 during trading on Monday, reaching $162.69. The stock had a trading volume of 1,184,421 shares, compared to its average volume of 1,518,748. The company has a market capitalization of $48.41 billion, a price-to-earnings ratio of 45.57 and a beta of 1.36. The stock's 50 day moving average is $156.78 and its two-hundred day moving average is $138.18. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $167.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE - Get Free Report) last posted 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. 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 during 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CBRE. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley restated an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Raymond James Financial lifted their price objective on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. UBS Group raised their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective 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. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $165.22.

CBRE Group 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.