Gulf International Bank UK Ltd grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,663 shares of the financial services provider’s stock after buying an additional 210 shares during the period. Gulf International Bank UK Ltd’s holdings in CBRE Group were worth $2,495,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC grew its holdings in shares of CBRE Group by 190.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares in the last quarter. Headinvest LLC purchased a new position in shares of CBRE Group during the third quarter worth about $44,000. Turtle Creek Wealth Advisors LLC purchased a new stake in CBRE Group in the fourth quarter worth approximately $45,000. Bruce G. Allen Investments LLC purchased a new stake in CBRE Group in the fourth quarter worth approximately $48,000. Finally, Planned Solutions Inc. purchased a new stake in CBRE Group in the fourth quarter worth approximately $52,000. 98.41% of the stock is currently owned by institutional investors.
CBRE Group Stock Performance
NYSE:CBRE opened at $90.38 on Friday. The firm has a market cap of $27.73 billion, a PE ratio of 28.16 and a beta of 1.41. CBRE Group, Inc. has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. The business has a 50 day moving average price of $87.63 and a 200-day moving average price of $89.29.
Analysts Set New Price Targets
CBRE has been the subject of several research reports. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Evercore ISI upped their target price on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group initiated coverage on CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $99.50.
Read Our Latest Stock Report on CBRE
CBRE Group Profile
CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis 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.
See Also
- Five stocks we like better than CBRE Group
- The Significance of Brokerage Rankings in Stock Selection
- Micron Technology Stock Volatility Despite Analyst Upgrades
- Stock Market Sectors: What Are They and How Many Are There?
- McDonald’s Stock: Balancing Value and Innovation
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- MarketBeat Week in Review – 6/17 – 6/21
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.