Andra AP fonden raised its position in CBRE Group, Inc. (NYSE:CBRE – Free Report) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,100 shares of the financial services provider’s stock after buying an additional 500 shares during the quarter. Andra AP fonden’s holdings in CBRE Group were worth $7,910,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Harris Associates L P raised its holdings in shares of CBRE Group by 9.6% in the second quarter. Harris Associates L P now owns 14,735,255 shares of the financial services provider’s stock worth $1,189,282,000 after acquiring an additional 1,292,532 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CBRE Group by 2.1% during the first quarter. Geode Capital Management LLC now owns 7,189,800 shares of the financial services provider’s stock worth $522,405,000 after buying an additional 148,971 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of CBRE Group by 15.1% in the third quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock valued at $503,786,000 after buying an additional 894,521 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of CBRE Group by 5.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,824,186 shares of the financial services provider’s stock valued at $430,175,000 after buying an additional 294,954 shares during the period. Finally, Franklin Resources Inc. boosted its position in CBRE Group by 2.0% during the second quarter. Franklin Resources Inc. now owns 5,726,008 shares of the financial services provider’s stock worth $462,146,000 after acquiring an additional 112,976 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on CBRE shares. UBS Group reduced their price target on CBRE Group from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 22nd. Evercore ISI lowered CBRE Group from an “outperform” rating to an “in-line” rating and raised their price objective for the company from $79.00 to $96.00 in a research report on Wednesday, January 3rd. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 25th. Finally, Raymond James upped their price target on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.29.
Insider Activity at CBRE Group
In related news, CFO Emma E. Giamartino sold 1,064 shares of CBRE Group stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $76.53, for a total value of $81,427.92. Following the completion of the transaction, the chief financial officer now directly owns 53,685 shares of the company’s stock, valued at $4,108,513.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.53% of the stock is currently owned by corporate insiders.
CBRE Group Stock Performance
Shares of CBRE Group stock traded up $0.59 on Friday, reaching $86.55. The stock had a trading volume of 1,293,242 shares, compared to its average volume of 1,480,960. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $94.27. The business’s 50-day moving average price is $87.05 and its two-hundred day moving average price is $81.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $26.38 billion, a P/E ratio of 46.24 and a beta of 1.43.
About CBRE Group
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices; industrial and retail space; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, lease administration, accounting, and financial services for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
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