CBRE Group, Inc. $CBRE Stock Holdings Boosted by Channel Wealth LLC

Channel Wealth LLC raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 422.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,689 shares of the financial services provider’s stock after purchasing an additional 11,879 shares during the quarter. Channel Wealth LLC’s holdings in CBRE Group were worth $1,887,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CBRE. Cassaday & Co Wealth Management LLC bought a new stake in shares of CBRE Group in the 1st quarter valued at about $33,000. Brown Lisle Cummings Inc. raised its position in shares of CBRE Group by 511.9% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 257 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 215 shares during the period. Trust Co. of Vermont bought a new position in CBRE Group during the 2nd quarter worth approximately $39,000. Reyes Financial Architecture Inc. bought a new position in CBRE Group during the 3rd quarter worth approximately $41,000. Finally, Marquette Asset Management LLC boosted its stake in CBRE Group by 766.7% during the 3rd quarter. Marquette Asset Management LLC now owns 364 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 322 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of CBRE Group from $180.00 to $164.00 in a report on Monday, October 12th. Evercore cut their target price on shares of CBRE Group from $175.00 to $166.00 and set an “outperform” rating on the stock in a report on Monday, September 28th. UBS Group increased their target price on shares of CBRE Group from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods reduced their price target on shares of CBRE Group from $174.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of CBRE Group in a report on Friday, August 21st. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $182.78.

CBRE Group Trading Up 0.5%

Shares of NYSE:CBRE opened at $133.17 on Friday. The firm has a market cap of $38.38 billion, a price-to-earnings ratio of 28.52 and a beta of 1.24. CBRE Group, Inc. has a 12 month low of $121.44 and a 12 month high of $174.27. The company’s fifty day simple moving average is $133.87 and its 200 day simple moving average is $140.30. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.63.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.09. The firm had revenue of $11.52 billion during the quarter, compared to analyst estimates of $11.81 billion. CBRE Group had a net margin of 3.08% and a return on equity of 26.31%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.61 EPS. As a group, research analysts forecast that CBRE Group, Inc. will post 7.76 EPS for the current fiscal year.

About CBRE Group

CBRE Group, Inc. is a commercial real estate services and investment company serving property owners, occupiers, investors and developers. Its services include property leasing and sales, property and facilities management, project management, valuation, consulting and commercial real estate financing. The company also provides real estate investment management and development services. Through its global operations, CBRE serves clients across a range of property types and markets, including offices, industrial facilities, retail properties and data centers.