UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Cuts Position in CBRE Group, Inc. $CBRE

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,020,959 shares of the financial services provider’s stock after selling 4,297 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC’s holdings in CBRE Group were worth $395,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CBRE. 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. Nuveen LLC purchased a new stake in shares of CBRE Group in the 1st quarter valued at about $214,283,000. GAMMA Investing LLC lifted its holdings 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 valued at $168,896,000 after purchasing an additional 1,285,300 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings 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 valued at $142,633,000 after purchasing an additional 741,477 shares during the last quarter. Finally, JPMorgan Chase & Co. grew 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. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $162.03 on Wednesday. The stock has a fifty day moving average of $152.69 and a 200-day moving average of $136.58. The company has a market capitalization of $48.21 billion, a PE ratio of 45.39 and a beta of 1.36. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $165.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE) last released its earnings results 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 company had revenue of $9.75 billion during the quarter, compared to analyst estimates 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. As a group, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,000 shares of the 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 completion of the sale, the chief financial officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the sale, the chief accounting officer owned 26,717 shares of the company’s stock, valued at approximately $4,151,020.29. This represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,926 shares of company stock worth $1,338,073 over the last quarter. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the topic of a number of research reports. Keefe, Bruyette & Woods raised 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. UBS Group raised their target price on CBRE Group from $130.00 to $146.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Evercore ISI boosted their price target on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, August 25th. Finally, Raymond James Financial upped their price objective on CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.22.

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.