Boston Common Asset Management LLC Acquires 41,269 Shares of CBRE Group, Inc. $CBRE

Boston Common Asset Management LLC grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 58.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,591 shares of the financial services provider’s stock after buying an additional 41,269 shares during the quarter. Boston Common Asset Management LLC’s holdings in CBRE Group were worth $17,582,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. ORG Partners LLC raised its position in CBRE Group by 264.4% in the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 119 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in CBRE Group during the second quarter valued at approximately $30,000. Evelyn Partners Asset Management Ltd bought a new stake in shares of CBRE Group in the 2nd quarter valued at approximately $32,000. NewSquare Capital LLC raised its holdings in shares of CBRE Group by 40.7% in the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after buying an additional 68 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its position in shares of CBRE Group by 67.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 350 shares of the financial services provider’s stock worth $55,000 after buying an additional 141 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CBRE. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, October 8th. Morgan Stanley upped their target price on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. UBS Group boosted their price target on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, Barclays upped their price objective on shares of CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $182.14.

CBRE Group Stock Up 2.9%

Shares of NYSE:CBRE opened at $170.18 on Thursday. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $173.05. The company’s 50-day moving average price is $161.43 and its two-hundred day moving average price is $157.49. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. The firm has a market cap of $50.64 billion, a P/E ratio of 42.02 and a beta of 1.34.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The company had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The company’s revenue was up 13.5% on a year-over-year basis. As a group, research analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

About CBRE Group

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.