BSN CAPITAL PARTNERS Ltd bought a new position in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 61,500 shares of the financial services provider’s stock, valued at approximately $9,392,000. CBRE Group comprises 0.4% of BSN CAPITAL PARTNERS Ltd’s holdings, making the stock its 25th biggest position.
Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of CBRE Group in the fourth quarter valued at approximately $643,405,000. Viking Global Investors LP purchased a new stake in CBRE Group during the 3rd quarter worth about $190,648,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of CBRE Group by 5,115.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,017,355 shares of the financial services provider’s stock valued at $163,581,000 after acquiring an additional 997,848 shares during the last quarter. XN LP purchased a new stake in shares of CBRE Group in the 4th quarter valued at about $147,134,000. Finally, Invesco Ltd. raised its holdings in shares of CBRE Group by 16.1% in the third quarter. Invesco Ltd. now owns 6,231,244 shares of the financial services provider’s stock valued at $981,795,000 after buying an additional 862,656 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.
CBRE Group Trading Down 0.1%
CBRE Group stock opened at $131.36 on Friday. CBRE Group, Inc. has a one year low of $121.69 and a one year high of $174.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $38.47 billion, a price-to-earnings ratio of 29.92 and a beta of 1.21. The company’s fifty day moving average price is $137.90 and its two-hundred day moving average price is $147.99.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on CBRE shares. UBS Group restated a “buy” rating on shares of CBRE Group in a research note on Wednesday. Evercore reiterated an “outperform” rating and set a $179.00 price objective on shares of CBRE Group in a research note on Friday, April 24th. Wall Street Zen raised CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Barclays upped their price target on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group restated a “buy” rating on shares of CBRE Group in a research report on Friday, May 15th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $180.29.
Check Out Our Latest Stock Analysis on CBRE Group
Insider Buying and Selling
In related news, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the sale, the chief financial officer directly owned 110,729 shares in the company, valued at $14,476,709.46. This trade represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.46% of the company’s stock.
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.
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