Varma Mutual Pension Insurance Co Sells 6,400 Shares of CBRE Group, Inc. $CBRE

Varma Mutual Pension Insurance Co trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE) by 8.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,000 shares of the financial services provider’s stock after selling 6,400 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in CBRE Group were worth $11,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBRE. Viking Global Investors LP acquired a new position in shares of CBRE Group in the 3rd quarter valued at about $190,648,000. Invesco Ltd. lifted its stake in shares of CBRE Group by 16.1% in the 3rd quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock valued at $981,795,000 after purchasing an additional 862,656 shares during the period. Principal Financial Group Inc. lifted its stake in shares of CBRE Group by 9.4% in the 3rd quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock valued at $1,491,855,000 after purchasing an additional 809,796 shares during the period. AGF Management Ltd. lifted its stake in shares of CBRE Group by 6,364.1% in the 3rd quarter. AGF Management Ltd. now owns 737,947 shares of the financial services provider’s stock valued at $116,271,000 after purchasing an additional 726,531 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of CBRE Group by 13.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock valued at $704,610,000 after purchasing an additional 532,151 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 9,223 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $148.61, for a total value of $1,370,630.03. Following the completion of the transaction, the chief financial officer directly owned 126,501 shares of the company’s stock, valued at $18,799,313.61. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 471 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $133.51, for a total value of $62,883.21. Following the completion of the transaction, the insider directly owned 42,519 shares of the company’s stock, valued at approximately $5,676,711.69. This represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 9,917 shares of company stock valued at $1,463,618. 0.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CBRE shares. Evercore reissued an “outperform” rating and issued a $179.00 price objective on shares of CBRE Group in a research note on Friday, April 24th. UBS Group raised CBRE Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $175.00 to $185.00 in a research note on Sunday, February 22nd. Raymond James Financial set a $180.00 price objective on CBRE Group and gave the company an “outperform” rating in a research note on Thursday, February 12th. Barclays upped their price target on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods upped their price target on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $180.29.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $142.55 on Wednesday. The company has a market cap of $41.74 billion, a PE ratio of 32.47 and a beta of 1.28. CBRE Group, Inc. has a 52 week low of $118.81 and a 52 week high of $174.27. The business has a 50 day moving average price of $140.85 and a 200-day moving average price of $153.24. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.13 by $0.48. The firm had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. Equities analysts anticipate that CBRE Group, Inc. will post 7.72 earnings per share for the current fiscal year.

CBRE Group Profile

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.