Callan Family Office LLC Sells 3,074 Shares of CBRE Group, Inc. $CBRE

Callan Family Office LLC trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 36.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,449 shares of the financial services provider’s stock after selling 3,074 shares during the quarter. Callan Family Office LLC’s holdings in CBRE Group were worth $859,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CBRE. Thrivent Financial for Lutherans increased its holdings in CBRE Group by 12.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock worth $99,575,000 after purchasing an additional 70,670 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of CBRE Group by 9.4% during the third quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock worth $1,491,855,000 after purchasing an additional 809,796 shares during the last quarter. Donoghue Forlines LLC acquired a new position in shares of CBRE Group in the third quarter valued at approximately $2,104,000. KBC Group NV raised its holdings in CBRE Group by 4.4% in the 2nd 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 last quarter. Finally, Atlantic Union Bankshares Corp grew its holdings in CBRE Group by 17.3% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 23,619 shares of the financial services provider’s stock worth $3,721,000 after acquiring an additional 3,488 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

CBRE has been the subject of several analyst reports. Barclays raised their price target on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. UBS Group raised their target price on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $185.00 to $192.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $182.14.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $166.26 on Friday. The business has a 50-day moving average price of $164.32 and a two-hundred day moving average price of $159.57. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $173.05. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The company has a market cap of $49.48 billion, a P/E ratio of 41.05 and a beta of 1.34.

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.