Andra AP fonden decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 19.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,100 shares of the financial services provider’s stock after selling 42,000 shares during the quarter. Andra AP fonden owned about 0.06% of CBRE Group worth $28,061,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its position in CBRE Group by 264.4% in 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 purchased a new stake in shares of CBRE Group in the 2nd quarter valued at approximately $30,000. Evelyn Partners Asset Management Ltd acquired a new position in shares of CBRE Group in the 2nd quarter worth approximately $32,000. 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. Finally, Bank of Jackson Hole Trust acquired a new stake in CBRE Group in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.
CBRE Group Stock Performance
Shares of CBRE stock opened at $149.90 on Friday. The stock’s 50-day moving average is $161.60 and its two-hundred day moving average is $159.46. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.09 and a current ratio of 1.09. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $174.27. The firm has a market cap of $44.24 billion, a price-to-earnings ratio of 38.83 and a beta of 1.34.
Wall Street Analysts Forecast Growth
CBRE has been the topic of a number of research analyst reports. UBS Group upgraded CBRE Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $175.00 to $185.00 in a research note on Sunday. Keefe, Bruyette & Woods dropped their price objective on CBRE Group from $192.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Wall Street Zen lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. 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. Finally, Weiss Ratings downgraded CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 13th. 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $182.43.
Check Out Our Latest Stock Analysis on CBRE
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.
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