New York State Common Retirement Fund Increases Stock Position in CBRE Group, Inc. $CBRE

New York State Common Retirement Fund increased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 522,334 shares of the financial services provider’s stock after acquiring an additional 3,734 shares during the quarter. New York State Common Retirement Fund’s holdings in CBRE Group were worth $82,299,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CBRE. Brighton Jones LLC grew its position in CBRE Group by 322.9% during the 4th quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock worth $1,903,000 after purchasing an additional 11,065 shares during the last quarter. Woodline Partners LP boosted its stake in shares of CBRE Group by 38.2% during the first quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock worth $3,266,000 after buying an additional 6,908 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of CBRE Group by 67.0% during the first quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after buying an additional 179 shares during the period. GC Wealth Management RIA LLC purchased a new position in shares of CBRE Group during the second quarter worth about $240,000. Finally, SOA Wealth Advisors LLC. acquired a new position in CBRE Group in the 2nd quarter valued at about $131,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Up 1.2%

CBRE Group stock opened at $171.60 on Friday. The stock’s 50 day moving average price is $163.65 and its 200 day moving average price is $158.59. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $173.05. The company has a market cap of $51.07 billion, a PE ratio of 42.37 and a beta of 1.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CBRE. UBS Group increased their price objective on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Morgan Stanley upped their price target on CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, January 21st. Barclays lifted their price objective on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and an average price target of $182.14.

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.