Baillie Gifford & Co. Sells 166,046 Shares of CBRE Group, Inc. $CBRE

Baillie Gifford & Co. lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 5.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,831,173 shares of the financial services provider’s stock after selling 166,046 shares during the quarter. Baillie Gifford & Co. owned about 0.95% of CBRE Group worth $446,080,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. ORG Partners LLC grew its holdings in shares of CBRE Group by 264.4% during the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock valued at $26,000 after buying an additional 119 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in CBRE Group in the 2nd quarter valued at about $30,000. Evelyn Partners Asset Management Ltd acquired a new position in CBRE Group during the 2nd quarter valued at about $32,000. NewSquare Capital LLC boosted its stake 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 during the last quarter. Finally, Salomon & Ludwin LLC increased its holdings in CBRE Group by 67.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 350 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CBRE. Morgan Stanley raised their target price on CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods raised 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. UBS Group upped 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday. Finally, Barclays boosted their price target on shares of CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.14.

CBRE Group Price Performance

CBRE opened at $169.25 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $50.37 billion, a P/E ratio of 41.79 and a beta of 1.34. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $173.05. The firm has a 50-day moving average of $162.09 and a 200 day moving average of $157.76.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. The business had revenue of $10.26 billion during the quarter, compared to the consensus estimate of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The business’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share. On average, research analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.