Pictet Asset Management Holding SA Has $22.36 Million Stock Holdings in CBRE Group, Inc. $CBRE

Pictet Asset Management Holding SA trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBREFree Report) by 2.7% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 165,058 shares of the financial services provider’s stock after selling 4,514 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of CBRE Group worth $22,357,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CBRE. Brighton Jones LLC raised its position in shares of 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 buying an additional 11,065 shares in the last quarter. Woodline Partners LP boosted its position in shares of CBRE Group by 38.2% during the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock worth $3,266,000 after acquiring an additional 6,908 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of CBRE Group by 67.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 179 shares in the last quarter. First Trust Advisors LP lifted its stake in CBRE Group by 41.3% during the second quarter. First Trust Advisors LP now owns 24,792 shares of the financial services provider’s stock worth $3,474,000 after purchasing an additional 7,242 shares during the last quarter. Finally, Walleye Capital LLC increased its stake in shares of CBRE Group by 54.6% in the 2nd quarter. Walleye Capital LLC now owns 4,895 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 1,728 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Insider Activity

In related news, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $130.74, for a total transaction of $294,165.00. Following the transaction, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at $14,476,709.46. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.

CBRE Group Stock Up 2.7%

Shares of CBRE opened at $138.35 on Thursday. The company has a market capitalization of $40.51 billion, a PE ratio of 31.51 and a beta of 1.20. CBRE Group, Inc. has a 12 month low of $121.69 and a 12 month high of $174.27. The stock’s 50-day moving average price is $135.95 and its two-hundred day moving average price is $146.55. 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:CBREGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. The firm had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.22 billion. CBRE Group had a net margin of 3.11% and a return on equity of 24.08%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. On average, analysts anticipate that CBRE Group, Inc. will post 7.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CBRE shares. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. UBS Group reiterated a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Barclays increased their price objective on shares of CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Evercore set a $169.00 target price on shares of CBRE Group in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.86.

Get Our Latest Research Report on CBRE Group

About CBRE Group

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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