CBRE Group, Inc. $CBRE Holdings Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,614,070 shares of the financial services provider’s stock after acquiring an additional 48,700 shares during the period. Bank of New York Mellon Corp owned about 0.54% of CBRE Group worth $254,313,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CBRE. Donoghue Forlines LLC bought a new position in CBRE Group during the 3rd quarter valued at $2,104,000. KBC Group NV lifted its holdings in shares of CBRE Group by 4.4% in the second quarter. KBC Group NV now owns 248,956 shares of the financial services provider’s stock valued at $34,883,000 after buying an additional 10,438 shares during the period. Nordea Investment Management AB boosted its stake in CBRE Group by 27.1% during the third quarter. Nordea Investment Management AB now owns 406,963 shares of the financial services provider’s stock valued at $63,474,000 after buying an additional 86,774 shares in the last quarter. Trek Financial LLC acquired a new position in CBRE Group during the third quarter worth about $4,671,000. Finally, Choreo LLC raised its position in CBRE Group by 42.0% in the second quarter. Choreo LLC now owns 10,129 shares of the financial services provider’s stock worth $1,419,000 after acquiring an additional 2,995 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $171.60 on Friday. The company has a market cap of $51.07 billion, a P/E ratio of 42.37 and a beta of 1.34. The company’s fifty day moving average is $163.65 and its two-hundred day moving average is $158.59. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $173.05.

Wall Street Analyst Weigh In

CBRE has been the subject of several research reports. UBS Group raised their price objective 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. Morgan Stanley raised 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 lifted their price target 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, January 21st. Finally, Barclays lifted their target price on CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.14.

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.