American Assets Capital Advisers LLC Increases Stock Position in CBRE Group, Inc. $CBRE

American Assets Capital Advisers LLC grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 46.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,698 shares of the financial services provider’s stock after buying an additional 5,010 shares during the period. CBRE Group accounts for approximately 2.6% of American Assets Capital Advisers LLC’s holdings, making the stock its 15th biggest holding. American Assets Capital Advisers LLC’s holdings in CBRE Group were worth $2,473,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after acquiring an additional 11,065 shares during the period. Woodline Partners LP raised its holdings in shares of CBRE Group by 38.2% in the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock worth $3,266,000 after purchasing an additional 6,908 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of CBRE Group by 67.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 179 shares in the last quarter. OLD National Bancorp IN grew its holdings in shares of CBRE Group by 19.3% during the 2nd quarter. OLD National Bancorp IN now owns 2,707 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 437 shares during the period. Finally, Marks Group Wealth Management Inc increased its position in CBRE Group by 3.9% during the 2nd quarter. Marks Group Wealth Management Inc now owns 6,185 shares of the financial services provider’s stock worth $867,000 after purchasing an additional 230 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CBRE. UBS Group raised their price target on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report 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 research note on Thursday, January 8th. Barclays lifted their target price 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. Finally, Morgan Stanley increased their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.14.

CBRE Group Trading Down 0.4%

NYSE CBRE opened at $169.58 on Tuesday. The stock has a market cap of $50.46 billion, a P/E ratio of 41.87 and a beta of 1.34. The company’s fifty day simple moving average is $164.15 and its 200-day simple moving average is $159.31. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $173.05.

CBRE Group 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.