CBRE Group, Inc. $CBRE is Alphinity Investment Management Pty Ltd’s 8th Largest Position

Alphinity Investment Management Pty Ltd decreased its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 19.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,976,625 shares of the financial services provider’s stock after selling 717,082 shares during the quarter. CBRE Group makes up approximately 4.6% of Alphinity Investment Management Pty Ltd’s portfolio, making the stock its 8th largest holding. Alphinity Investment Management Pty Ltd’s holdings in CBRE Group were worth $468,997,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Partners LLC increased its position in CBRE Group by 264.4% during the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after buying an additional 119 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in shares of CBRE Group during the second quarter worth approximately $30,000. Evelyn Partners Asset Management Ltd purchased a new position in shares of CBRE Group during the second quarter worth approximately $32,000. NewSquare Capital LLC increased 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 acquiring an additional 68 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new stake in CBRE Group in the 3rd quarter valued at $38,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

NYSE CBRE opened at $169.77 on Friday. The stock has a market capitalization of $50.52 billion, a price-to-earnings ratio of 41.92 and a beta of 1.34. The business’s 50 day moving average is $164.48 and its two-hundred day moving average is $159.88. CBRE Group, Inc. has a 12-month low of $108.45 and a 12-month high of $173.05. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49.

Analyst Ratings Changes

CBRE has been the topic of several research reports. Barclays raised their price objective on shares of CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. UBS Group increased their target price on shares of CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods upped 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 issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.14.

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.