Smartleaf Asset Management LLC Purchases 3,438 Shares of CBRE Group, Inc. $CBRE

Smartleaf Asset Management LLC boosted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 43.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,435 shares of the financial services provider’s stock after purchasing an additional 3,438 shares during the period. Smartleaf Asset Management LLC’s holdings in CBRE Group were worth $1,818,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Obermeyer Wealth Partners raised its stake in shares of CBRE Group by 2.8% in 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 increased its holdings in CBRE Group by 40.7% during the 2nd 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 in the last quarter. Fidelis Capital Partners LLC raised its position 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 boosted its stake 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 worth $264,000 after purchasing an additional 73 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of 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 during the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Up 2.2%

Shares of NYSE CBRE opened at $169.77 on Monday. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $173.05. The firm’s 50-day moving average is $164.48 and its 200-day moving average is $159.98. 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 firm has a market capitalization of $50.52 billion, a PE ratio of 41.92 and a beta of 1.34.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, January 21st. UBS Group boosted their target price 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 increased 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. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, CBRE Group presently has an average 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.