Machina Capital S.A.S. Purchases New Holdings in CBRE Group, Inc. $CBRE

Machina Capital S.A.S. acquired a new position in CBRE Group, Inc. (NYSE:CBRE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 22,882 shares of the financial services provider’s stock, valued at approximately $3,605,000.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of CBRE Group by 322.9% in the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after acquiring an additional 11,065 shares during the last quarter. Woodline Partners LP raised its stake in CBRE Group by 38.2% in the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock valued at $3,266,000 after purchasing an additional 6,908 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in 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 boosted its stake in 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 last quarter. Finally, Marks Group Wealth Management Inc grew its holdings in shares of CBRE Group by 3.9% during the second quarter. Marks Group Wealth Management Inc now owns 6,185 shares of the financial services provider’s stock worth $867,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group raised their price target on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Barclays raised their target price on shares of CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Morgan Stanley upped their price target on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, CBRE Group currently has a consensus rating of “Moderate Buy” and an average price target of $182.14.

CBRE Group Price Performance

NYSE:CBRE opened at $163.29 on Wednesday. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $173.05. 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. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49.

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.