Nippon Life Global Investors Americas Inc. Lowers Position in CBRE Group, Inc. $CBRE

Key Points

• Nippon Life Global Investors Americas Inc. has reduced its stake in CBRE Group, Inc. by 20.3%, now holding 200,370 shares worth approximately $26.2 million.
• Multiple institutional investors, such as Massachusetts Financial Services Co. and GAMMA Investing LLC, have significantly increased their holdings in CBRE Group during the same period.
• Analysts have raised their price targets for CBRE Group, with an average target price now at $165.22 and a consensus rating of "Moderate Buy."

Nippon Life Global Investors Americas Inc. cut its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 20.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 200,370 shares of the financial services provider's stock after selling 50,900 shares during the quarter. CBRE Group accounts for about 1.3% of Nippon Life Global Investors Americas Inc.'s portfolio, making the stock its 28th biggest position. Nippon Life Global Investors Americas Inc. owned approximately 0.07% of CBRE Group worth $26,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sowell Financial Services LLC purchased a new stake in shares of CBRE Group in the first quarter worth approximately $256,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of CBRE Group by 21.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,404 shares of the financial services provider's stock valued at $968,000 after acquiring an additional 1,310 shares in the last quarter. USA Financial Formulas bought a new position in shares of CBRE Group in the first quarter valued at approximately $1,101,000. Golden State Wealth Management LLC grew its holdings in shares of CBRE Group by 687.1% in the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 213 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of CBRE Group by 4.8% in the first 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 acquiring an additional 368,214 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

Shares of CBRE Group stock traded up $0.57 during trading hours on Wednesday, reaching $162.66. The company had a trading volume of 591,819 shares, compared to its average volume of 1,790,247. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $165.41. The business has a fifty day simple moving average of $152.69 and a 200 day simple moving average of $136.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $48.40 billion, a PE ratio of 45.56 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly 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. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The firm had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 103,371 shares of the company's stock, valued at $16,291,269.60. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the sale, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,926 shares of company stock valued at $1,338,073 over the last three months. Company insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

CBRE has been the subject of several recent analyst reports. UBS Group upped their target price on CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Evercore ISI increased 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. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods increased 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. Finally, JPMorgan Chase & Co. increased 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. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $165.22.

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.