CBRE Group, Inc. $CBRE Shares Acquired by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC boosted its stake in shares of CBRE Group, Inc. (NYSE:CBREFree Report) by 13.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 392,759 shares of the financial services provider’s stock after purchasing an additional 47,460 shares during the quarter. CBRE Group makes up approximately 2.6% of Cornerstone Investment Partners LLC’s holdings, making the stock its 18th largest position. Cornerstone Investment Partners LLC owned approximately 0.13% of CBRE Group worth $61,883,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Cibc World Market Inc. lifted its stake in CBRE Group by 10.2% in the third quarter. Cibc World Market Inc. now owns 135,530 shares of the financial services provider’s stock valued at $21,354,000 after buying an additional 12,511 shares during the last quarter. Caprock Group LLC bought a new stake in CBRE Group in the 3rd quarter valued at about $3,030,000. ING Groep NV lifted its position in CBRE Group by 11.5% in the 3rd quarter. ING Groep NV now owns 226,411 shares of the financial services provider’s stock valued at $35,673,000 after purchasing an additional 23,272 shares during the last quarter. Rhumbline Advisers boosted its stake in CBRE Group by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 571,785 shares of the financial services provider’s stock valued at $90,090,000 after purchasing an additional 3,228 shares during the period. Finally, MQS Management LLC bought a new position in CBRE Group in the 3rd quarter worth about $803,000. 98.41% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting CBRE Group

Here are the key news stories impacting CBRE Group this week:

Analysts Set New Price Targets

A number of research firms have recently weighed in on CBRE. UBS Group lifted their price target on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Barclays increased their price target on 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 lifted 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 reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, January 21st. Seven 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.14.

Check Out Our Latest Analysis on CBRE

CBRE Group Stock Performance

NYSE:CBRE opened at $148.81 on Thursday. The company has a 50-day moving average of $164.66 and a 200-day moving average of $160.25. The firm has a market cap of $44.28 billion, a price-to-earnings ratio of 36.74 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $174.27.

About CBRE Group

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CBRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBREFree Report).

Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.