Machina Capital S.A.S. Takes Position in CBRE Group, Inc. $CBRE

Machina Capital S.A.S. acquired a new position in shares of CBRE Group, Inc. (NYSE:CBRE) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 22,882 shares of the financial services provider’s stock, valued at approximately $3,605,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of CBRE Group during the second quarter worth $544,554,000. Principal Financial Group Inc. lifted its stake in CBRE Group by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock worth $1,491,855,000 after acquiring an additional 809,796 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in CBRE Group by 210.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,083,413 shares of the financial services provider’s stock valued at $151,808,000 after acquiring an additional 734,563 shares during the period. AGF Management Ltd. grew its position in CBRE Group by 6,364.1% in the 3rd quarter. AGF Management Ltd. now owns 737,947 shares of the financial services provider’s stock valued at $116,271,000 after acquiring an additional 726,531 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in CBRE Group by 13.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock worth $704,610,000 after purchasing an additional 532,151 shares during the period. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CBRE has been the topic of several research reports. Morgan Stanley increased their price target on shares of CBRE Group from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, January 21st. UBS Group upped their price objective on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Barclays lifted their target price on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods boosted their target price on CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, CBRE Group has an average rating of “Moderate Buy” and an average price target of $182.14.

CBRE Group Stock Down 3.6%

Shares of NYSE CBRE opened at $163.29 on Wednesday. The business has a 50-day moving average of $164.18 and a two-hundred day moving average of $159.48. The company has a market capitalization of $48.59 billion, a price-to-earnings ratio of 40.32 and a beta of 1.34. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $173.05. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13.

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.