Principal Financial Group Inc. Has $1.49 Billion Holdings in CBRE Group, Inc. $CBRE

Principal Financial Group Inc. increased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,468,455 shares of the financial services provider’s stock after buying an additional 809,796 shares during the period. CBRE Group accounts for approximately 0.8% of Principal Financial Group Inc.’s investment portfolio, making the stock its 25th biggest position. Principal Financial Group Inc. owned approximately 3.18% of CBRE Group worth $1,491,855,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of CBRE Group by 322.9% in the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after purchasing an additional 11,065 shares during the period. Woodline Partners LP lifted its position in shares of CBRE Group by 38.2% in the first quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock valued at $3,266,000 after buying an additional 6,908 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of CBRE Group by 67.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 179 shares during the period. Hilltop National Bank acquired a new position in shares of CBRE Group during the 2nd quarter worth approximately $239,000. Finally, QRG Capital Management Inc. lifted its holdings in CBRE Group by 0.4% during the 2nd quarter. QRG Capital Management Inc. now owns 190,134 shares of the financial services provider’s stock valued at $26,642,000 after purchasing an additional 679 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CBRE shares. Keefe, Bruyette & Woods upped their price objective 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. Barclays increased their price target on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. UBS Group upped their target price on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, January 21st. Finally, Morgan Stanley upped their price objective on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.14.

CBRE Group Price Performance

CBRE Group stock opened at $170.24 on Friday. The firm has a market cap of $50.66 billion, a PE ratio of 42.03 and a beta of 1.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s fifty day moving average price is $163.92 and its two-hundred day moving average price is $158.95. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $173.05.

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.