Lansforsakringar Fondforvaltning AB publ Has $12.87 Million Position in CBRE Group, Inc. $CBRE

Lansforsakringar Fondforvaltning AB publ reduced its stake in CBRE Group, Inc. (NYSE:CBRE) by 2.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 98,406 shares of the financial services provider’s stock after selling 2,719 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in CBRE Group were worth $12,870,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in CBRE Group by 4.8% in the 1st quarter. Principal Financial Group Inc. now owns 7,970,004 shares of the financial services provider’s stock worth $1,042,317,000 after purchasing an additional 368,214 shares during the last quarter. Invesco Ltd. lifted its holdings in CBRE Group by 6.6% in the 1st 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 last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 purchasing an additional 2,680,337 shares during the last quarter. Northern Trust Corp lifted its holdings in CBRE Group by 2.1% in the 1st quarter. Northern Trust Corp now owns 3,870,304 shares of the financial services provider’s stock worth $506,158,000 after purchasing an additional 80,791 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings 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 worth $487,127,000 after buying an additional 738,704 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 value of $315,200.00. Following the sale, the chief financial officer directly owned 103,371 shares in the company, valued at $16,291,269.60. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Vikramaditya Kohli sold 1,000 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $154.90, for a total value of $154,900.00. Following the completion of the sale, the chief executive officer owned 111,473 shares in the company, valued at $17,267,167.70. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,926 shares of company stock worth $1,338,073. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CBRE. JPMorgan Chase & Co. upped their price target on CBRE Group from $143.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price target on CBRE Group from $131.00 to $147.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Evercore ISI upped their price target on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, August 25th. Finally, Raymond James Financial upped their price target on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $165.22.

CBRE Group Stock Performance

CBRE opened at $161.98 on Friday. The stock has a market cap of $48.20 billion, a PE ratio of 45.37 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $165.41. The stock’s 50 day simple moving average is $149.51 and its 200-day simple moving average is $135.67.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. The business had revenue of $9.75 billion for the quarter, compared to analysts’ expectations of $9.50 billion. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 EPS 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.