CBRE Group, Inc. $CBRE Stake Trimmed by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in CBRE Group by 2.7%, owning 98,406 shares valued at approximately $12.87 million after selling 2,719 shares in Q1.
• Institutional investors maintain significant control, holding 98.41% of CBRE Group's stock, with multiple firms making recent adjustments to their positions.
• CBRE Group's stock price showed a slight decline of 0.0%, closing at $161.98, with analysts maintaining a consensus rating of "Moderate Buy" and a target price around $165.22.

Lansforsakringar Fondforvaltning AB publ lowered its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,406 shares of the financial services provider's stock after selling 2,719 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in CBRE Group were worth $12,870,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Investment Management Corp VA ADV purchased a new position in CBRE Group in the 4th quarter worth about $28,000. Hughes Financial Services LLC purchased a new position in CBRE Group in the 1st quarter worth about $28,000. Golden State Wealth Management LLC increased its stake 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 worth $32,000 after purchasing an additional 213 shares in the last quarter. Colonial Trust Co SC increased its stake in CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after purchasing an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Insider Activity

In other news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction dated 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 directly owned 111,473 shares in the company, valued at $17,267,167.70. The trade was a 0.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total value of $315,200.00. Following the sale, the chief financial officer owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,926 shares of company stock worth $1,338,073 in the last three months. 0.42% of the stock is owned by insiders.

CBRE Group Stock Down 0.0%

Shares of CBRE Group stock opened at $161.98 on Friday. The firm has a market cap of $48.20 billion, a price-to-earnings ratio of 45.37 and a beta of 1.34. 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 52-week low of $108.45 and a 52-week high of $165.41. The stock has a 50-day simple moving average of $149.51 and a 200-day simple moving average of $135.67.

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

Analyst Ratings Changes

CBRE has been the topic of several research analyst reports. Raymond James Financial lifted their target price on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. lifted their target price on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research note on Tuesday. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 target price (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. UBS Group lifted their target price on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Evercore ISI lifted their target price on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research note on Monday, August 25th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.22.

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.

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBRE - Free Report).

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.