Strategy Asset Managers LLC Makes New $776,000 Investment in CBRE Group, Inc. $CBRE

Strategy Asset Managers LLC acquired a new stake in CBRE Group, Inc. (NYSE:CBRE) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 4,928 shares of the financial services provider’s stock, valued at approximately $776,000.

A number of other large investors also recently modified their holdings of the stock. ORG Partners LLC increased its holdings in shares of 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 purchasing an additional 119 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of CBRE Group in the 2nd quarter valued at $30,000. Evelyn Partners Asset Management Ltd acquired a new stake in shares of CBRE Group in the 2nd quarter valued at $32,000. NewSquare Capital LLC raised its position in shares of CBRE Group by 40.7% during the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 68 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in shares of CBRE Group during the third quarter valued at $38,000. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

CBRE Group Stock Down 0.8%

CBRE stock opened at $170.24 on Monday. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $173.05. The firm has a market capitalization of $50.66 billion, a PE ratio of 42.03 and a beta of 1.34. The business’s 50 day simple moving average is $163.92 and its 200 day simple moving average is $159.09. 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 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.