Swedbank AB Buys 1,400,452 Shares of CBRE Group, Inc. $CBRE

Swedbank AB increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 119.6% in the 1st quarter, Holdings Channel reports. The fund owned 2,571,280 shares of the financial services provider’s stock after buying an additional 1,400,452 shares during the quarter. Swedbank AB’s holdings in CBRE Group were worth $348,306,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CBRE. Swiss RE Ltd. bought a new stake in CBRE Group during the fourth quarter worth about $25,000. Navalign LLC purchased a new position in shares of CBRE Group in the 4th quarter worth about $29,000. Ascentis Independent Advisors bought a new position in shares of CBRE Group during the 1st quarter valued at about $30,000. Ameriflex Group Inc. bought a new position in shares of CBRE Group during the 3rd quarter valued at about $32,000. Finally, Sound Income Strategies LLC increased its position in shares of CBRE Group by 5,180.0% during the 1st quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Up 3.1%

Shares of CBRE stock traded up $4.41 during mid-day trading on Tuesday, reaching $144.96. The stock had a trading volume of 1,296,685 shares, compared to its average volume of 2,253,740. The stock’s 50-day moving average price is $135.37 and its two-hundred day moving average price is $146.15. CBRE Group, Inc. has a 52-week low of $121.69 and a 52-week high of $174.27. The firm has a market capitalization of $42.45 billion, a PE ratio of 32.93 and a beta of 1.20. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. The company had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. CBRE Group’s revenue for the quarter was up 18.1% on a year-over-year basis. 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 expect that CBRE Group, Inc. will post 7.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $130.74, for a total transaction of $294,165.00. Following the completion of the transaction, the chief financial officer owned 110,729 shares of the company’s stock, valued at $14,476,709.46. This represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CBRE has been the subject of a number of recent research reports. Weiss Ratings downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. UBS Group reiterated a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Barclays lifted their price target on shares of CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Wall Street Zen lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Evercore set a $169.00 price objective on shares of CBRE Group in a research note on Tuesday, June 30th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and an average target price of $178.86.

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.