CBRE Group, Inc. $CBRE Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. cut its holdings in CBRE Group, Inc. (NYSE:CBRE) by 22.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,070 shares of the financial services provider’s stock after selling 8,011 shares during the period. Twin Capital Management Inc.’s holdings in CBRE Group were worth $4,423,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CBRE. Obermeyer Wealth Partners grew its stake in CBRE Group by 2.8% in the 2nd quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 66 shares during the period. NewSquare Capital LLC grew its position 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 purchasing an additional 68 shares during the period. Fidelis Capital Partners LLC increased its stake in CBRE Group by 1.6% in the second quarter. Fidelis Capital Partners LLC now owns 4,292 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 69 shares during the last quarter. Advisors Capital Management LLC lifted its position in CBRE Group by 4.0% during the second quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider’s stock worth $264,000 after buying an additional 73 shares during the period. Finally, Evergreen Capital Management LLC boosted its stake in CBRE Group by 3.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,187 shares of the financial services provider’s stock worth $306,000 after buying an additional 75 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $169.77 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $173.05. The company has a market capitalization of $50.52 billion, a price-to-earnings ratio of 41.92 and a beta of 1.34. The business has a 50-day moving average of $164.48 and a 200-day moving average of $159.76.

Wall Street Analysts Forecast Growth

Several brokerages have 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 report on Friday, October 24th. Barclays increased their price target 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. Keefe, Bruyette & Woods boosted their price objective 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. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.14.

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.