CBRE Group, Inc. $CBRE Shares Sold by Alphinity Investment Management Pty Ltd

Alphinity Investment Management Pty Ltd lessened its holdings in CBRE Group, Inc. (NYSE:CBRE) by 19.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,976,625 shares of the financial services provider’s stock after selling 717,082 shares during the period. CBRE Group makes up 4.6% of Alphinity Investment Management Pty Ltd’s investment portfolio, making the stock its 8th largest position. Alphinity Investment Management Pty Ltd owned 1.00% of CBRE Group worth $468,997,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Obermeyer Wealth Partners increased its position in shares of CBRE Group by 2.8% during the second quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 66 shares during the last quarter. NewSquare Capital LLC boosted its position in shares of CBRE Group by 40.7% during the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 68 shares during the period. Fidelis Capital Partners LLC increased its holdings in 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 valued at $601,000 after purchasing an additional 69 shares during the last quarter. Advisors Capital Management LLC raised its position in CBRE Group by 4.0% in the second quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 73 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in CBRE Group by 3.6% during the second 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 in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CBRE. Keefe, Bruyette & Woods lifted their price objective 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 raised their target price on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, January 21st. Finally, UBS Group raised their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and an average price target of $182.14.

CBRE Group Stock Performance

Shares of CBRE stock opened at $169.77 on Friday. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month 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 $50.52 billion, a P/E ratio of 41.92 and a beta of 1.34. The firm has a fifty day moving average price of $164.48 and a 200 day moving average price of $159.88.

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.