Assenagon Asset Management S.A. Boosts Holdings in CBRE Group, Inc. $CBRE

Assenagon Asset Management S.A. boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 23.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,561,593 shares of the financial services provider’s stock after acquiring an additional 292,371 shares during the period. Assenagon Asset Management S.A.’s holdings in CBRE Group were worth $211,533,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CBRE. Swiss RE Ltd. purchased a new position in shares of CBRE Group during the 4th quarter worth approximately $25,000. Navalign LLC purchased a new stake in CBRE Group in the 4th quarter valued at approximately $29,000. Ameriflex Group Inc. purchased a new stake in CBRE Group in the 3rd quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CBRE Group during the 4th quarter valued at $42,000. Finally, MV Capital Management Inc. acquired a new stake in CBRE Group during the 4th quarter valued at $42,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CBRE shares. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Evercore reaffirmed an “outperform” rating and set a $179.00 price objective on shares of CBRE Group in a research note on Friday, April 24th. UBS Group reiterated a “buy” rating on shares of CBRE Group in a research report on Wednesday, June 17th. Jefferies Financial Group reissued a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. Finally, Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $180.29.

Insiders Place Their Bets

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the sale, the chief financial officer directly owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This trade represents a 1.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.46% of the company’s stock.

CBRE Group Trading Up 0.5%

Shares of CBRE opened at $133.92 on Thursday. CBRE Group, Inc. has a fifty-two week low of $121.69 and a fifty-two week high of $174.27. The company has a market capitalization of $39.21 billion, a PE ratio of 30.51 and a beta of 1.21. The stock has a fifty day moving average of $137.25 and a two-hundred day moving average of $147.31. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.08.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.48. The business had revenue of $10.53 billion for the quarter, compared to analysts’ expectations of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The business’s revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 earnings per share. CBRE Group has set its FY 2026 guidance at 7.600-7.800 EPS. As a group, analysts forecast that CBRE Group, Inc. will post 7.65 EPS for the current year.

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.