Andra AP fonden Acquires 51,200 Shares of CBRE Group, Inc. $CBRE

Andra AP fonden boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 30.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 220,100 shares of the financial services provider’s stock after buying an additional 51,200 shares during the quarter. Andra AP fonden owned approximately 0.07% of CBRE Group worth $30,840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. boosted its position in shares of CBRE Group by 6.6% in the first quarter. Invesco Ltd. now owns 6,407,231 shares of the financial services provider’s stock worth $837,938,000 after purchasing an additional 397,818 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of CBRE Group by 217.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,913,299 shares of the financial services provider’s stock worth $511,781,000 after acquiring an additional 2,680,337 shares during the period. Northern Trust Corp grew its holdings in CBRE Group by 2.1% during the 1st quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider’s stock worth $506,158,000 after acquiring an additional 80,791 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of CBRE Group by 24.7% during the first quarter. JPMorgan Chase & Co. now owns 3,724,784 shares of the financial services provider’s stock valued at $487,127,000 after buying an additional 738,704 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in CBRE Group by 9.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,628,945 shares of the financial services provider’s stock worth $513,931,000 after acquiring an additional 319,115 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Performance

Shares of NYSE CBRE opened at $150.06 on Thursday. The firm has a market cap of $44.66 billion, a P/E ratio of 37.05 and a beta of 1.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a fifty day moving average price of $158.67 and a two-hundred day moving average price of $145.34. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $171.00.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.15. The business had revenue of $10.26 billion for the quarter, compared to the consensus estimate of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. CBRE Group has set its FY 2025 guidance at 6.250-6.350 EPS. Research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Raymond James Financial raised their price target 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. Keefe, Bruyette & Woods increased their price objective on CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. lifted their target price on CBRE Group from $143.00 to $185.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Evercore ISI increased their price target on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, August 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.89.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of the company’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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vikramaditya Kohli sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.42% of the company’s stock.

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.