Atlantic Union Bankshares Corp Raises Position in CBRE Group, Inc. $CBRE

Atlantic Union Bankshares Corp lifted its stake in CBRE Group, Inc. (NYSE:CBRE) by 17.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,619 shares of the financial services provider’s stock after purchasing an additional 3,488 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in CBRE Group were worth $3,721,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CBRE. Obermeyer Wealth Partners boosted its stake in CBRE Group by 2.8% during the second quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock worth $341,000 after buying an additional 66 shares during the period. NewSquare Capital LLC raised its stake in shares of CBRE Group by 40.7% in the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 68 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of CBRE Group by 1.6% in the 2nd quarter. Fidelis Capital Partners LLC now owns 4,292 shares of the financial services provider’s stock worth $601,000 after acquiring an additional 69 shares during the last quarter. Advisors Capital Management LLC boosted its stake in shares of CBRE Group by 4.0% during the 2nd quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider’s stock worth $264,000 after purchasing an additional 73 shares during the period. Finally, Evergreen Capital Management LLC boosted its stake in shares of CBRE Group by 3.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 75 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Trading Down 3.6%

CBRE opened at $163.29 on Wednesday. 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 stock’s fifty day moving average is $164.18 and its two-hundred day moving average is $159.48. The company has a market capitalization of $48.59 billion, a P/E ratio of 40.32 and a beta of 1.34. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $173.05.

Analysts Set New Price Targets

A number of research firms recently weighed in on CBRE. UBS Group increased their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Keefe, Bruyette & Woods upped their target price on CBRE Group from $185.00 to $192.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Barclays increased their price target on CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Morgan Stanley boosted 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.14.

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.