PensionDanmark Pensionsforsikringsaktieselskab Decreases Stock Holdings in CBRE Group, Inc. $CBRE

Key Points

• PensionDanmark cut its CBRE Group stake by 34.5% in the second quarter, selling 41,113 shares and retaining 78,041 shares valued at approximately $10.5 million. Institutional investors collectively own 98.41% of CBRE’s stock.
• Analysts remain broadly positive, with eight Buy ratings and one Hold rating, an overall “Moderate Buy” consensus, and an average price target of $180.57. UBS and Keefe, Bruyette & Woods recently raised their price targets.
• CBRE reported stronger-than-expected quarterly results, with earnings of $1.56 per share versus the $1.47 consensus and revenue of $11.23 billion. Revenue increased 15.1% year over year, while executives disclosed modest stock sales under pre-arranged trading plans.

PensionDanmark Pensionsforsikringsaktieselskab trimmed its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 34.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,041 shares of the financial services provider's stock after selling 41,113 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in CBRE Group were worth $10,511,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CBRE. Flputnam Investment Management Co. boosted its holdings in CBRE Group by 39.5% in the fourth quarter. Flputnam Investment Management Co. now owns 137,524 shares of the financial services provider's stock valued at $22,112,000 after acquiring an additional 38,944 shares in the last quarter. QRG Capital Management Inc. increased its position in CBRE Group by 5.7% during the 1st quarter. QRG Capital Management Inc. now owns 135,635 shares of the financial services provider's stock valued at $18,373,000 after purchasing an additional 7,349 shares during the period. Abacus Wealth Partners LLC bought a new position in CBRE Group in the 4th quarter worth $2,147,000. Norges Bank bought a new position in CBRE Group in the 4th quarter worth $643,405,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of CBRE Group by 5,115.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider's stock worth $163,581,000 after purchasing an additional 997,848 shares during the period. 98.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on CBRE. UBS Group boosted their price target on shares of CBRE Group from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Wall Street Zen cut CBRE Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of CBRE Group in a report on Friday, May 15th. Weiss Ratings lowered CBRE Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods raised their target price on CBRE Group from $158.00 to $174.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $180.57.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the firm's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the sale, the chief financial officer directly owned 110,729 shares in the company, valued at approximately $14,476,709.46. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vikramaditya Kohli sold 2,666 shares of CBRE Group stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the transaction, the chief executive officer directly owned 134,869 shares of the company's stock, valued at $20,230,350. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is currently owned by company insiders.

CBRE Group Trading Up 0.3%

CBRE Group stock opened at $147.92 on Friday. CBRE Group, Inc. has a 12 month low of $121.69 and a 12 month high of $174.27. The company has a market capitalization of $42.83 billion, a price-to-earnings ratio of 33.93 and a beta of 1.18. The business's fifty day simple moving average is $138.12 and its two-hundred day simple moving average is $142.70. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.09. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $11.18 billion. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The company's revenue was up 15.1% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. As a group, equities analysts predict that CBRE Group, Inc. will post 7.77 earnings per share for the current fiscal year.

About CBRE Group

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.

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