Livforsakringsbolaget Skandia Omsesidigt Reduces Stake in CBRE Group, Inc. $CBRE

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 96.1% in the first quarter, Holdings Channel reports. The fund owned 2,597 shares of the financial services provider’s stock after selling 64,300 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in CBRE Group were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Norges Bank purchased a new position in CBRE Group in the fourth quarter valued at approximately $643,405,000. Swedbank AB grew its holdings in CBRE Group by 119.6% during the first quarter. Swedbank AB now owns 2,571,280 shares of the financial services provider’s stock valued at $348,306,000 after purchasing an additional 1,400,452 shares during the period. Viking Global Investors LP purchased a new stake in CBRE Group in the third quarter worth $190,648,000. Northwestern Mutual Wealth Management Co. increased its position in CBRE Group by 5,115.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock worth $163,581,000 after buying an additional 997,848 shares during the last quarter. Finally, XN LP bought a new stake in shares of CBRE Group in the fourth quarter valued at $147,134,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. UBS Group restated a “buy” rating on shares of CBRE Group in a research note on Wednesday, June 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. 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 research report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.86.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction dated 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 in the company, valued at $14,476,709.46. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by insiders.

CBRE Group Price Performance

CBRE Group stock opened at $141.57 on Thursday. The firm has a market capitalization of $41.45 billion, a P/E ratio of 32.25 and a beta of 1.20. CBRE Group, Inc. has a one year low of $121.69 and a one year high of $174.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08. The business has a fifty day moving average price of $134.61 and a 200-day moving average price of $145.01.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.48. The company had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. As a group, equities research analysts forecast that CBRE Group, Inc. will post 7.71 EPS for the current year.

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.