Annis Gardner Whiting Capital Advisors LLC Has $1.35 Million Stock Position in CBRE Group, Inc. $CBRE

Annis Gardner Whiting Capital Advisors LLC raised its stake in CBRE Group, Inc. (NYSE:CBRE) by 1,160.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,587 shares of the financial services provider’s stock after acquiring an additional 7,906 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in CBRE Group were worth $1,353,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in CBRE Group in the 2nd quarter valued at about $544,554,000. Qube Research & Technologies Ltd raised its position in shares of CBRE Group by 210.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,083,413 shares of the financial services provider’s stock valued at $151,808,000 after buying an additional 734,563 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of CBRE Group by 13.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock valued at $704,610,000 after buying an additional 532,151 shares during the period. Cornerstone Investment Partners LLC acquired a new stake in CBRE Group during the second quarter worth approximately $48,383,000. Finally, Allspring Global Investments Holdings LLC increased its stake in CBRE Group by 9.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,628,945 shares of the financial services provider’s stock worth $513,931,000 after acquiring an additional 319,115 shares during the period. Institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays upped their target price on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Morgan Stanley boosted their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, January 21st. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $185.00 to $192.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, UBS Group boosted their target price 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. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.14.

CBRE Group Trading Up 0.0%

CBRE opened at $169.42 on Thursday. The company has a market cap of $50.42 billion, a P/E ratio of 41.83 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $163.25 and its 200-day moving average is $158.50. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $173.05.

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.