CBRE Group, Inc. $CBRE Shares Purchased by Swedbank AB

Key Points

• Swedbank AB increased its stake in CBRE Group, Inc. by 0.2% during the second quarter, bringing its total ownership to about 1,180,627 shares, valued at approximately $165.4 million.
• CBRE Group received several analyst upgrades, with Morgan Stanley adjusting its price target to $170.00 and JPMorgan Chase raising it to $185.00, reflecting a bullish outlook for the company.
• Insider transactions revealed that CEO Vikramaditya Kohli and CFO Emma E. Giamartino sold shares of the company, decreasing their ownership by 0.89% and 1.90% respectively.

Swedbank AB increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,180,627 shares of the financial services provider's stock after buying an additional 2,307 shares during the quarter. Swedbank AB owned about 0.40% of CBRE Group worth $165,429,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Valeo Financial Advisors LLC grew its holdings in shares of CBRE Group by 4.0% during the first quarter. Valeo Financial Advisors LLC now owns 2,217 shares of the financial services provider's stock valued at $290,000 after buying an additional 85 shares during the last quarter. Beverly Hills Private Wealth LLC grew its holdings in shares of CBRE Group by 1.9% during the first quarter. Beverly Hills Private Wealth LLC now owns 5,067 shares of the financial services provider's stock valued at $663,000 after buying an additional 93 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in CBRE Group by 1.3% during the first quarter. Verdence Capital Advisors LLC now owns 8,133 shares of the financial services provider's stock valued at $1,064,000 after purchasing an additional 102 shares during the period. Legacy Advisors LLC lifted its position in CBRE Group by 6.4% during the first quarter. Legacy Advisors LLC now owns 1,789 shares of the financial services provider's stock valued at $234,000 after purchasing an additional 108 shares during the period. Finally, Aaron Wealth Advisors LLC lifted its position in CBRE Group by 5.1% during the first quarter. Aaron Wealth Advisors LLC now owns 2,244 shares of the financial services provider's stock valued at $293,000 after purchasing an additional 108 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In related news, CEO Vikramaditya Kohli sold 1,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were 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 approximately $17,267,167.70. This represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares of the company's stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,926 shares of company stock valued at $1,338,073. Corporate insiders own 0.42% of the company's stock.

CBRE Group Price Performance

Shares of CBRE stock traded down $1.76 on Friday, reaching $163.97. 2,918,262 shares of the company were exchanged, compared to its average volume of 1,462,473. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $167.56. The company has a market cap of $48.79 billion, a price-to-earnings ratio of 45.93 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50-day moving average price of $156.35 and a 200 day moving average price of $137.93.

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

Wall Street Analyst Weigh In

CBRE has been the subject of a number of research reports. Raymond James Financial boosted their target price on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Morgan Stanley restated an "overweight" rating and set a $170.00 target price (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Finally, UBS Group upped 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. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.