SeaCrest Wealth Management LLC Buys New Position in CBRE Group, Inc. (NYSE:CBRE)

SeaCrest Wealth Management LLC bought a new stake in CBRE Group, Inc. (NYSE:CBREGet Rating) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 440 shares of the financial services provider’s stock, valued at approximately $32,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC grew its position in CBRE Group by 1.1% during the first quarter. Mutual of America Capital Management LLC now owns 44,665 shares of the financial services provider’s stock valued at $4,088,000 after acquiring an additional 475 shares during the last quarter. Metis Global Partners LLC grew its position in CBRE Group by 80.7% during the first quarter. Metis Global Partners LLC now owns 5,296 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 2,365 shares during the last quarter. Arizona State Retirement System grew its position in CBRE Group by 1.9% during the first quarter. Arizona State Retirement System now owns 93,157 shares of the financial services provider’s stock valued at $8,526,000 after acquiring an additional 1,748 shares during the last quarter. abrdn plc grew its position in CBRE Group by 3.9% during the first quarter. abrdn plc now owns 209,855 shares of the financial services provider’s stock valued at $19,566,000 after acquiring an additional 7,875 shares during the last quarter. Finally, Precision Wealth Strategies LLC bought a new position in CBRE Group during the first quarter valued at approximately $386,000. 96.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CBRE. Evercore ISI reduced their price target on shares of CBRE Group to $95.00 in a research report on Friday, September 30th. UBS Group cut their target price on shares of CBRE Group from $95.00 to $86.00 in a report on Wednesday, September 21st. StockNews.com initiated coverage on shares of CBRE Group in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Raymond James cut their target price on shares of CBRE Group from $113.00 to $105.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 20th. Finally, The Goldman Sachs Group cut their target price on shares of CBRE Group from $98.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, October 19th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $100.83.

CBRE Group Stock Up 1.0 %

Shares of CBRE Group stock opened at $75.98 on Wednesday. The stock has a market capitalization of $24.01 billion, a price-to-earnings ratio of 12.54 and a beta of 1.37. The company’s 50 day moving average price is $71.90 and its 200-day moving average price is $76.60. CBRE Group, Inc. has a 52-week low of $66.31 and a 52-week high of $111.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.11 and a current ratio of 1.11.

About CBRE Group

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CBRE Group, Inc engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services.

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

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