Atlantic Union Bankshares Corp Acquires 3,488 Shares of CBRE Group, Inc. $CBRE

Atlantic Union Bankshares Corp raised its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 17.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,619 shares of the financial services provider’s stock after acquiring an additional 3,488 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in CBRE Group were worth $3,721,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CBRE. ORG Partners LLC lifted its stake in shares of CBRE Group by 264.4% during the 3rd quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 119 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in CBRE Group in the second quarter worth about $30,000. Evelyn Partners Asset Management Ltd purchased a new stake in shares of CBRE Group during the second quarter valued at about $32,000. NewSquare Capital LLC boosted its holdings in shares of CBRE Group by 40.7% in the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after buying an additional 68 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in shares of CBRE Group in the 3rd quarter valued at about $38,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Down 3.6%

CBRE Group stock opened at $163.29 on Wednesday. The business’s 50-day simple moving average is $164.18 and its two-hundred day simple moving average is $159.48. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $48.59 billion, a PE ratio of 40.32 and a beta of 1.34. CBRE Group, Inc. has a fifty-two week low of $108.45 and a fifty-two week high of $173.05.

Wall Street Analyst Weigh In

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