CBRE Group, Inc. $CBRE Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in CBRE Group, Inc. by 18.3%, now holding 39,613 shares valued at approximately $5.18 million.
• Insider selling activities included CEO Vikramaditya Kohli and CFO Emma E. Giamartino selling shares, resulting in a decrease of their ownership by 0.89% and 1.90%, respectively.
• Despite recent reductions in some holdings, institutional investors maintain an extensive interest in CBRE Group, owning about 98.41% of the company's stock.

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 18.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,613 shares of the financial services provider's stock after selling 8,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in CBRE Group were worth $5,181,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new stake in shares of CBRE Group in the 1st quarter valued at about $256,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of 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 in the last quarter. USA Financial Formulas bought a new stake in shares of CBRE Group in the 1st quarter valued at about $1,101,000. Golden State Wealth Management LLC raised its holdings in shares of 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 in the last quarter. Finally, Principal Financial Group Inc. raised its holdings 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 in the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

CBRE Group Stock Performance

CBRE stock traded down $0.91 during trading on Thursday, reaching $159.93. The company had a trading volume of 411,284 shares, compared to its average volume of 1,802,950. The firm has a 50-day simple moving average of $145.42 and a 200-day simple moving average of $134.76. The company has a market cap of $47.59 billion, a price-to-earnings ratio of 44.80 and a beta of 1.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $161.81.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion during the quarter, compared to analysts' expectations 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. As a group, sell-side analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at $4,151,020.29. This trade represents a 5.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction that occurred on 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 owned 111,473 shares of the company's stock, valued at $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. Insiders sold 8,926 shares of company stock worth $1,338,073 in the last three months. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

CBRE has been the subject of several recent research reports. Evercore ISI boosted their price target on shares of CBRE Group from $147.00 to $164.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Keefe, Bruyette & Woods boosted their price target on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. UBS Group lifted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Finally, Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.00.

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.