CBRE Group, Inc. $CBRE Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in CBRE Group, Inc. (NYSE:CBRE) by 18.8% during the second quarter, HoldingsChannel.com reports. The fund owned 1,268,571 shares of the financial services provider’s stock after selling 293,022 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CBRE Group were worth $170,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fidelis Capital Partners LLC boosted its position in CBRE Group by 1.4% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,408 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 59 shares during the period. Community Bank & Trust Waco Texas raised its position in CBRE Group by 0.5% in the fourth quarter. Community Bank & Trust Waco Texas now owns 14,693 shares of the financial services provider’s stock valued at $2,362,000 after purchasing an additional 70 shares during the period. Centersquare Investment Management LLC lifted its stake in shares of CBRE Group by 0.7% during the fourth quarter. Centersquare Investment Management LLC now owns 10,470 shares of the financial services provider’s stock worth $1,683,000 after purchasing an additional 70 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in shares of CBRE Group by 16.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 505 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 71 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of CBRE Group by 1.7% in the third quarter. NewEdge Advisors LLC now owns 4,367 shares of the financial services provider’s stock valued at $688,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

CBRE has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Barclays lifted their price objective on shares of CBRE Group from $178.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, Evercore reissued an “outperform” rating and set a $175.00 target price on shares of CBRE Group in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $180.57.

CBRE Group Stock Down 2.3%

Shares of NYSE CBRE opened at $147.62 on Friday. CBRE Group, Inc. has a 1 year low of $121.69 and a 1 year high of $174.27. The firm has a market cap of $42.75 billion, a price-to-earnings ratio of 33.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50-day simple moving average is $137.66 and its 200-day simple moving average is $142.66.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.47 by $0.09. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.18 billion. CBRE Group had a return on equity of 25.12% and a net margin of 2.98%.The company’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 earnings per share. CBRE Group has set its FY 2026 guidance at 7.800-7.900 EPS. As a group, equities analysts anticipate that CBRE Group, Inc. will post 7.77 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In other news, CEO Vikramaditya Kohli sold 2,666 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $150.00, for a total transaction of $399,900.00. Following the completion of the sale, the chief executive officer owned 134,869 shares of the company’s stock, valued at approximately $20,230,350. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Emma E. Giamartino sold 2,250 shares of the firm’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 sale, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at $14,476,709.46. The trade was a 1.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by insiders.

CBRE Group Company 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.