Envestnet Asset Management Inc. Raises Stock Holdings in CBRE Group, Inc. $CBRE

Envestnet Asset Management Inc. raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 844,561 shares of the financial services provider’s stock after buying an additional 19,481 shares during the period. Envestnet Asset Management Inc. owned about 0.28% of CBRE Group worth $133,069,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CBRE. Thrivent Financial for Lutherans boosted its position in shares of CBRE Group by 12.6% during the third quarter. Thrivent Financial for Lutherans now owns 631,985 shares of the financial services provider’s stock valued at $99,575,000 after purchasing an additional 70,670 shares in the last quarter. Principal Financial Group Inc. lifted its position in CBRE Group by 9.4% during the third quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock valued at $1,491,855,000 after buying an additional 809,796 shares during the period. Donoghue Forlines LLC bought a new stake in shares of CBRE Group during the 3rd quarter valued at $2,104,000. KBC Group NV grew its position in shares of CBRE Group by 4.4% in the 2nd quarter. KBC Group NV now owns 248,956 shares of the financial services provider’s stock worth $34,883,000 after buying an additional 10,438 shares during the period. Finally, Atlantic Union Bankshares Corp increased its stake in shares of CBRE Group by 17.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 23,619 shares of the financial services provider’s stock worth $3,721,000 after acquiring an additional 3,488 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Ratings Changes

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

CBRE Group Price Performance

Shares of NYSE CBRE opened at $169.77 on Friday. The company has a 50 day moving average of $164.48 and a 200 day moving average of $159.76. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $173.05. The firm has a market cap of $50.52 billion, a P/E ratio of 41.92 and a beta of 1.34.

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.