Candriam S.C.A. Cuts Stake in CBRE Group, Inc. $CBRE

Key Points

• Candriam S.C.A. reduced its holdings in CBRE Group, Inc. by 7.8%, selling 14,648 shares and maintaining ownership of 172,288 shares worth $22,532,000.
• Notable institutional investors increased their stakes in CBRE during the first quarter, with Massachusetts Financial Services boosting ownership by 217.4% and GAMMA Investing LLC by an astonishing 20,889.0%.
• CBRE Group recently reported a quarterly EPS of $1.19, exceeding the consensus estimate, and analysts project a consensus rating of "Moderate Buy" with an average target price of $158.00.

Candriam S.C.A. decreased its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,288 shares of the financial services provider's stock after selling 14,648 shares during the quarter. Candriam S.C.A. owned about 0.06% of CBRE Group worth $22,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new stake in CBRE Group in the 1st quarter valued at $256,000. Cambridge Investment Research Advisors Inc. raised its position in CBRE Group by 21.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock valued at $968,000 after purchasing an additional 1,310 shares during the last quarter. USA Financial Formulas purchased a new stake in CBRE Group in the 1st quarter valued at $1,101,000. Golden State Wealth Management LLC raised its position in CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 213 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in CBRE Group by 4.8% in the 1st 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 buying an additional 368,214 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wall Street Zen raised 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 reissued an "overweight" rating and issued a $170.00 price objective (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, CBRE Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $160.33.

CBRE Group Price Performance

Shares of CBRE Group stock traded up $0.7450 on Monday, hitting $165.1550. The company's stock had a trading volume of 737,275 shares, compared to its average volume of 1,802,607. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $165.41. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average price of $146.53 and a 200-day moving average price of $134.86. The company has a market capitalization of $49.14 billion, a P/E ratio of 46.25 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.05 by $0.14. The business had revenue of $9.75 billion for 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, equities research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CAO Lindsey S. Caplan sold 1,935 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.00, for a total value of $270,900.00. Following the transaction, the chief accounting officer directly owned 20,131 shares in the company, valued at approximately $2,818,340. This represents a 8.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were 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 owned 111,473 shares in the company, valued at approximately $17,267,167.70. This trade represents 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 have sold 8,926 shares of company stock worth $1,338,073. Corporate insiders own 0.42% of the company's stock.

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.