CBRE Group, Inc. $CBRE Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 712,453 shares of the financial services provider’s stock after purchasing an additional 28,646 shares during the quarter. Allianz Asset Management GmbH owned 0.24% of CBRE Group worth $99,829,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CBRE. Brighton Jones LLC lifted its holdings in shares of CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after purchasing an additional 11,065 shares during the period. GAMMA Investing LLC lifted its holdings in shares of CBRE Group by 60.5% during the first quarter. GAMMA Investing LLC now owns 9,875 shares of the financial services provider’s stock worth $1,291,000 after purchasing an additional 3,722 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of CBRE Group by 1,079.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 281,211 shares of the financial services provider’s stock worth $36,777,000 after purchasing an additional 257,366 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of CBRE Group during the first quarter worth $256,000. Finally, Sagespring Wealth Partners LLC raised its position in CBRE Group by 37.8% in the first quarter. Sagespring Wealth Partners LLC now owns 3,393 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 930 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CBRE shares. Raymond James Financial increased their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Evercore ISI increased their price objective on CBRE Group from $164.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, August 25th. Morgan Stanley increased their price objective on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $170.78.

Insider Activity

In related news, CEO Vikramaditya Kohli sold 1,000 shares of CBRE Group stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $154.90, for a total transaction of $154,900.00. Following the completion of the sale, the chief executive officer owned 111,473 shares in the company, valued at approximately $17,267,167.70. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated 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 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 disclosure for this sale can be found here. Insiders sold a total of 5,494 shares of company stock worth $857,593 over the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

CBRE Group Trading Down 0.8%

Shares of CBRE stock opened at $155.49 on Friday. 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 $46.27 billion, a P/E ratio of 43.55 and a beta of 1.36. The business has a fifty day simple moving average of $159.37 and a 200-day simple moving average of $141.36. 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 (NYSE:CBRE) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%.The business had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.50 billion. CBRE Group has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

CBRE Group 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.