Nordea Investment Management AB Trims Holdings in CBRE Group, Inc. $CBRE

Nordea Investment Management AB decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,189 shares of the financial services provider’s stock after selling 16,896 shares during the quarter. Nordea Investment Management AB owned about 0.11% of CBRE Group worth $44,429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CBRE. Brighton Jones LLC raised its position in CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after purchasing an additional 11,065 shares during the last quarter. GAMMA Investing LLC raised its position in CBRE Group by 60.5% in the 1st quarter. GAMMA Investing LLC now owns 9,875 shares of the financial services provider’s stock valued at $1,291,000 after purchasing an additional 3,722 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in CBRE Group by 1,079.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 281,211 shares of the financial services provider’s stock valued at $36,777,000 after purchasing an additional 257,366 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in CBRE Group in the 1st quarter valued at $256,000. Finally, State of Alaska Department of Revenue increased its stake in CBRE Group by 1.0% in the 1st quarter. State of Alaska Department of Revenue now owns 34,626 shares of the financial services provider’s stock valued at $4,528,000 after buying an additional 330 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the topic of several recent research reports. Morgan Stanley boosted their price objective on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Raymond James Financial boosted their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Evercore ISI boosted their price objective on shares of CBRE Group from $164.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, August 25th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $167.00 to $168.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $170.78.

Insider Transactions at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were 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 of the company’s stock, valued at approximately $16,291,269.60. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lindsey S. Caplan sold 1,494 shares of the 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 completion of the sale, the chief accounting officer directly owned 26,717 shares in the company, valued at approximately $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,494 shares of company stock valued at $857,593 in the last ninety days. 0.42% of the stock is currently owned by company insiders.

CBRE Group Stock Performance

NYSE:CBRE opened at $157.08 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $167.56. The stock has a market cap of $46.74 billion, a PE ratio of 44.00 and a beta of 1.36. The firm’s fifty day simple moving average is $159.40 and its 200-day simple moving average is $141.60.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping 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 business had revenue of $9.75 billion for the quarter, compared to analysts’ expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

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.