CBRE Group, Inc. $CBRE Shares Sold by Groupama Asset Managment

Key Points

• Groupama Asset Management reduced its stake in CBRE Group, Inc. by 36.9%, selling 6,706 shares during the first quarter, leaving them with 11,464 shares valued at approximately $1.48 million.
• Several institutional investors, including Principal Financial Group and JPMorgan Chase & Co., increased their holdings in CBRE Group, reflecting strong interest from institutional investors as they own 98.41% of the company's stock.
• Analysts have a largely positive outlook for CBRE Group, with seven firms rating the stock as a Buy and a consensus price target of $158.00, following upgrades from firms like Evercore ISI and Raymond James Financial.

Groupama Asset Managment lowered its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 36.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,464 shares of the financial services provider's stock after selling 6,706 shares during the period. Groupama Asset Managment's holdings in CBRE Group were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its stake in shares of CBRE Group by 217.4% during the first 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 acquiring an additional 2,680,337 shares in the last quarter. Nuveen LLC bought a new stake in shares of CBRE Group during the first quarter valued at approximately $214,283,000. GAMMA Investing LLC raised its stake in shares of CBRE Group by 20,889.0% during the first quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock valued at $168,896,000 after acquiring an additional 1,285,300 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of CBRE Group by 85.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,147,783 shares of the financial services provider's stock valued at $281,984,000 after acquiring an additional 991,354 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of CBRE Group by 212.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider's stock valued at $142,633,000 after acquiring an additional 741,477 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CBRE shares. Raymond James Financial lifted their price target 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. Morgan Stanley reissued an "overweight" rating and set a $170.00 price objective (up from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Evercore ISI lifted their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a report on Monday. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, UBS Group lifted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and an average target price of $160.33.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the sale, the chief executive officer directly owned 111,473 shares of the company's stock, valued at $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,926 shares of company stock valued at $1,338,073 over the last ninety days. 0.42% of the stock is currently owned by insiders.

CBRE Group Stock Performance

Shares of CBRE traded up $0.8460 during trading hours on Monday, reaching $165.2560. 737,275 shares of the company traded hands, compared to its average volume of 1,802,607. The stock has a market capitalization of $49.17 billion, a P/E ratio of 46.25 and a beta of 1.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $165.41. The business has a fifty day moving average price of $146.53 and a 200-day moving average price of $134.86.

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, beating analysts' consensus estimates of $1.05 by $0.14. The firm 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. Equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

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.