BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 63,977 Shares of CBRE Group, Inc. $CBRE

Key Points

• BNP Paribas Asset Management decreased its stake in CBRE Group, Inc. by 31.7%, selling 63,977 shares and now holding 137,991 shares valued at approximately $18 million.
• Analysts have increased their price targets for CBRE Group, with ratings indicating a consensus of "Moderate Buy" and a target price around $158.
• CBRE Group reported earnings of $1.19 EPS for the last quarter, exceeding expectations, with a revenue totaling $9.75 billion.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 31.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,991 shares of the financial services provider's stock after selling 63,977 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in CBRE Group were worth $18,045,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CBRE. Brighton Jones LLC increased its stake in shares of CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock worth $1,903,000 after purchasing an additional 11,065 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of CBRE Group by 7.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 21,640 shares of the financial services provider's stock worth $2,834,000 after purchasing an additional 1,559 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of CBRE Group by 62.6% in the fourth quarter. Guggenheim Capital LLC now owns 10,757 shares of the financial services provider's stock worth $1,412,000 after purchasing an additional 4,141 shares in the last quarter. Forum Financial Management LP increased its stake in shares of CBRE Group by 35.8% in the fourth quarter. Forum Financial Management LP now owns 3,907 shares of the financial services provider's stock worth $513,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Freedom Investment Management Inc. increased its stake in shares of CBRE Group by 16.1% in the fourth quarter. Freedom Investment Management Inc. now owns 1,943 shares of the financial services provider's stock worth $255,000 after purchasing an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the business's 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 completion of the sale, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,926 shares of company stock worth $1,338,073. 0.42% of the stock is currently owned by insiders.

CBRE Group Trading Up 0.5%

Shares of CBRE traded up $0.8530 during mid-day trading on Wednesday, reaching $160.8330. The company's stock had a trading volume of 1,523,496 shares, compared to its average volume of 1,738,550. The stock has a market cap of $47.86 billion, a PE ratio of 45.05 and a beta of 1.34. 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, Inc. has a 52 week low of $108.45 and a 52 week high of $161.81. The company's fifty day moving average price is $145.42 and its two-hundred day moving average price is $134.76.

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

Wall Street Analyst Weigh In

CBRE has been the subject of several recent research reports. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Raymond James Financial boosted their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. UBS Group boosted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $158.00.

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.