Generali Asset Management SPA SGR Has $3.67 Million Stock Holdings in CBRE Group, Inc. $CBRE

Key Points

• Generali Asset Management SPA SGR has reduced its stake in CBRE Group, Inc. by 37.9%, holding 26,161 shares valued at approximately $3.67 million as of its latest SEC filing.
• Several analysts have raised their price targets for CBRE Group, with estimates now ranging from $165.00 to $185.00, indicating a consensus rating of "Moderate Buy."
• Insider transactions included the sale of shares by the CAO and CFO, with significant ownership still retained, but reflecting decreases of 5.30% and 1.90%, respectively.

Generali Asset Management SPA SGR cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 37.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,161 shares of the financial services provider's stock after selling 15,991 shares during the period. Generali Asset Management SPA SGR's holdings in CBRE Group were worth $3,666,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CBRE. WPG Advisers LLC acquired a new position in CBRE Group during the first quarter valued at approximately $26,000. Hughes Financial Services LLC acquired a new position in CBRE Group during the first quarter valued at approximately $28,000. Golden State Wealth Management LLC boosted its position in CBRE Group by 687.1% during the first 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 during the last quarter. Quarry LP boosted its position in CBRE Group by 97.4% during the first quarter. Quarry LP now owns 298 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 147 shares during the last quarter. Finally, Accredited Wealth Management LLC boosted its position in CBRE Group by 338.7% during the first quarter. Accredited Wealth Management LLC now owns 329 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 254 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group upped their price objective on CBRE Group from $146.00 to $165.00 and gave the company a "neutral" rating in a research note on Friday, October 10th. Evercore ISI raised their price objective on CBRE Group from $164.00 to $185.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. Morgan Stanley raised their price objective on CBRE Group from $170.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, October 7th. Raymond James Financial raised their price objective on CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their price objective on CBRE Group from $143.00 to $185.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $170.78.

Insider Transactions at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the sale, the chief accounting officer owned 26,717 shares of the company's stock, valued at $4,151,020.29. This represents a 5.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total value 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 represents a 1.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,494 shares of company stock worth $857,593. Company insiders own 0.42% of the company's stock.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $156.89 on Thursday. The firm has a market cap of $46.68 billion, a P/E ratio of 43.95 and a beta of 1.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $167.56. The business's 50 day moving average is $159.35 and its 200-day moving average is $141.19.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.14. The company had revenue of $9.75 billion for 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. Equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

About CBRE Group

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.

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