CBRE Group, Inc. $CBRE Shares Sold by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. reduced its holdings in CBRE Group, Inc. by 8.2%, owning 61,196 shares valued at approximately $8.57 million after selling 5,467 shares in the 2nd quarter.
• Analysts have revised their price targets for CBRE Group, with UBS Group setting a target of $146, while JPMorgan Chase & Co. targets $185, reflecting a strong consensus for the stock's performance.
• CBRE Group reported a quarterly EPS of $1.19, exceeding expectations, along with revenue of $9.75 billion, indicating positive financial momentum.

ASR Vermogensbeheer N.V. lessened its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,196 shares of the financial services provider's stock after selling 5,467 shares during the period. ASR Vermogensbeheer N.V.'s holdings in CBRE Group were worth $8,574,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Principal Financial Group Inc. lifted its stake in shares of 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 purchasing an additional 368,214 shares during the last quarter. Invesco Ltd. lifted its stake in shares of CBRE Group by 6.6% in the 1st quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider's stock valued at $837,938,000 after purchasing an additional 397,818 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of CBRE Group by 217.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock valued at $511,781,000 after purchasing an additional 2,680,337 shares during the last quarter. Northern Trust Corp lifted its stake in shares of CBRE Group by 2.1% in the 1st quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider's stock valued at $506,158,000 after purchasing an additional 80,791 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of CBRE Group by 24.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock valued at $487,127,000 after purchasing an additional 738,704 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CBRE. UBS Group upped their price target on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Evercore ISI boosted their price objective on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday, August 25th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen upgraded CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of "Moderate Buy" and a consensus target price of $165.22.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $155.59 on Friday. The stock's 50-day moving average is $159.49 and its two-hundred day moving average is $139.78. The company has a market cap of $46.30 billion, a price-to-earnings ratio of 43.58 and a beta of 1.36. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56. 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 (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.14. The business had revenue of $9.75 billion during the quarter, compared to analysts' expectations 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. Analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the transaction, the chief financial officer directly owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,494 shares of company stock valued at $857,593. 0.42% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.