Nomura Holdings Inc. Raises Position in CBRE Group, Inc. $CBRE

Key Points

• Nomura Holdings Inc. increased its stake in CBRE Group, Inc. by 64.2%, acquiring 28,794 additional shares, bringing its total holdings to 73,626 shares valued at approximately $9.6 million.
• Insider transactions showed that CEO Vikramaditya Kohli and CFO Emma E. Giamartino sold shares worth a combined total of over $470,000, indicating a decrease in their ownership in the company.
• Wall Street analysts upgraded CBRE Group's rating to "buy" and revised price targets upward, with an average target price of $165.22 as seven analysts rated it a Buy and two a Hold.

Nomura Holdings Inc. lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 64.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,626 shares of the financial services provider's stock after buying an additional 28,794 shares during the quarter. Nomura Holdings Inc.'s holdings in CBRE Group were worth $9,629,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new stake in CBRE Group in the 1st quarter valued at $26,000. Investment Management Corp VA ADV acquired a new position in CBRE Group during the 4th quarter worth about $28,000. Hughes Financial Services LLC acquired a new position in CBRE Group during the 1st quarter worth about $28,000. Golden State Wealth Management LLC lifted its stake in CBRE Group by 687.1% during the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after acquiring an additional 213 shares in the last quarter. Finally, Colonial Trust Co SC lifted its stake in CBRE Group by 183.7% during the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after acquiring an additional 180 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the transaction, the chief executive officer directly owned 111,473 shares in the company, valued at approximately $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer owned 103,371 shares of the company's stock, valued at $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 Stock Performance

Shares of NYSE:CBRE traded up $2.68 during trading on Friday, reaching $164.37. The company had a trading volume of 1,280,513 shares, compared to its average volume of 1,803,316. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $165.41. The firm has a market capitalization of $48.91 billion, a price-to-earnings ratio of 46.04 and a beta of 1.36. The stock's fifty day moving average price is $151.32 and its 200 day moving average price is $136.16.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. The firm 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. As a group, equities research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

CBRE has been the topic of several research reports. Raymond James Financial increased their target price on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Keefe, Bruyette & Woods increased their price target on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Evercore ISI increased 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, August 25th. Finally, Morgan Stanley reissued an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.