Wellington Management Group LLP Sells 422,673 Shares of CBRE Group, Inc. $CBRE

Key Points

• Wellington Management Group LLP significantly reduced its holdings in CBRE Group, selling 422,673 shares and now owning only 60,148 shares, valued at approximately $7.87 million.
• Several institutional investors, including Korea Investment CORP and Aviso Financial Inc., increased their stakes in CBRE Group by up to 31.0% during the same period, indicating positive market sentiment.
• CBRE Group reported a Q2 EPS of $1.19, exceeding estimates, and set FY 2025 guidance between 6.100-6.200 EPS, suggesting strong financial performance moving forward.

Wellington Management Group LLP reduced its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 87.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,148 shares of the financial services provider's stock after selling 422,673 shares during the period. Wellington Management Group LLP's holdings in CBRE Group were worth $7,866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its stake in shares of CBRE Group by 217.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider's stock worth $511,781,000 after buying an additional 2,680,337 shares in the last quarter. Nuveen LLC purchased a new position in shares of CBRE Group in the 1st quarter worth $214,283,000. GAMMA Investing LLC grew its stake in shares of CBRE Group by 20,889.0% in the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock worth $168,896,000 after buying an additional 1,285,300 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of CBRE Group by 212.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,090,631 shares of the financial services provider's stock worth $142,633,000 after buying an additional 741,477 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of CBRE Group by 24.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider's stock worth $487,127,000 after buying an additional 738,704 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group 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 completion of the sale, the chief financial officer owned 103,371 shares in the company, valued at $16,291,269.60. This trade represents a 1.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction dated Tuesday, July 29th. The shares were 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. The trade was a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,926 shares of company stock worth $1,338,073 in the last 90 days. 0.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CBRE shares. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Raymond James Financial lifted their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Morgan Stanley reaffirmed an "overweight" rating and set a $170.00 price target (up from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. 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 research note on Thursday, July 24th. Finally, 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 research note on Wednesday, July 2nd. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, CBRE Group has an average rating of "Moderate Buy" and a consensus target price of $165.22.

CBRE Group Trading Down 0.0%

Shares of CBRE stock traded down $0.01 during trading hours on Monday, reaching $161.98. 1,399,012 shares of the stock were exchanged, compared to its average volume of 1,518,471. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $165.41. 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 company's 50-day moving average price is $149.51 and its 200-day moving average price is $135.58. The firm has a market capitalization of $48.20 billion, a price-to-earnings ratio of 45.37 and a beta of 1.36.

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 for the quarter, beating 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 company 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. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

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.