Baillie Gifford & Co. Trims Stock Holdings in CBRE Group, Inc. $CBRE

Baillie Gifford & Co. lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 5.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,831,173 shares of the financial services provider’s stock after selling 166,046 shares during the quarter. Baillie Gifford & Co.’s holdings in CBRE Group were worth $446,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. ORG Partners LLC raised its holdings in CBRE Group by 264.4% during the 3rd quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 119 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of CBRE Group in the second quarter valued at $30,000. Evelyn Partners Asset Management Ltd bought a new stake in shares of CBRE Group during the 2nd quarter valued at $32,000. NewSquare Capital LLC lifted its holdings in CBRE Group by 40.7% during the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 68 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in CBRE Group by 67.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 350 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 141 shares during the period. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 0.5%

CBRE opened at $169.25 on Friday. The business’s fifty day simple moving average is $162.09 and its 200 day simple moving average is $157.76. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week high of $173.05. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. The stock has a market cap of $50.37 billion, a PE ratio of 41.79 and a beta of 1.34.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.15. The firm had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.11 billion. CBRE Group had a return on equity of 20.55% and a net margin of 3.12%.The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 EPS. As a group, research analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

CBRE Group Company 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.