Swedbank AB Reduces Holdings in CBRE Group, Inc. $CBRE

Key Points

• Swedbank AB has reduced its holdings in CBRE Group, Inc. by 1.4%, now owning approximately 1,178,320 shares valued at about $154.1 million following the sale of 16,648 shares.
• CEO Vikramaditya Kohli and CFO Emma E. Giamartino both sold shares of the company, with Kohli selling 1,000 shares for $154,900 and Giamartino selling 2,000 shares for $315,200.
• Several analysts have recently adjusted their price targets for CBRE Group, with JPMorgan Chase & Co. raising its target from $143 to $185, indicating a positive outlook for the stock.

Swedbank AB reduced its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,178,320 shares of the financial services provider's stock after selling 16,648 shares during the quarter. Swedbank AB owned approximately 0.40% of CBRE Group worth $154,101,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Voya Investment Management LLC increased its holdings in CBRE Group by 3.4% during the 1st quarter. Voya Investment Management LLC now owns 906,438 shares of the financial services provider's stock valued at $118,544,000 after acquiring an additional 30,106 shares in the last quarter. Nicola Wealth Management LTD. increased its holdings in CBRE Group by 5.8% during the 1st quarter. Nicola Wealth Management LTD. now owns 9,124 shares of the financial services provider's stock valued at $1,193,000 after acquiring an additional 500 shares in the last quarter. Strs Ohio purchased a new position in CBRE Group during the 1st quarter valued at about $1,416,000. Intrua Financial LLC purchased a new position in CBRE Group during the 1st quarter valued at about $238,000. Finally, Jacobi Capital Management LLC increased its holdings in CBRE Group by 6.5% during the 1st quarter. Jacobi Capital Management LLC now owns 7,069 shares of the financial services provider's stock valued at $924,000 after acquiring an additional 433 shares in the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CBRE Group

In other news, CEO Vikramaditya Kohli sold 1,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total transaction of $154,900.00. Following the transaction, the chief executive officer directly owned 111,473 shares of the company's stock, valued at approximately $17,267,167.70. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $157.60, for a total transaction of $315,200.00. Following the transaction, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,926 shares of company stock valued at $1,338,073. Corporate insiders own 0.42% of the company's stock.

CBRE Group Trading Up 2.1%

NYSE CBRE opened at $165.98 on Friday. The company's fifty day simple moving average is $153.56 and its 200-day simple moving average is $136.96. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $167.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. The stock has a market cap of $49.39 billion, a P/E ratio of 46.49 and a beta of 1.36.

CBRE Group (NYSE:CBRE - Get Free Report) last posted 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. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The business had revenue of $9.75 billion for 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 predict that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of CBRE Group from $143.00 to $185.00 and gave the stock an "overweight" rating in a report on Tuesday, August 26th. UBS Group lifted their price target on shares of CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of CBRE Group from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, 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 report on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.22.

CBRE Group 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.

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