Smartleaf Asset Management LLC Buys 3,438 Shares of CBRE Group, Inc. $CBRE

Smartleaf Asset Management LLC grew its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 43.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,435 shares of the financial services provider’s stock after buying an additional 3,438 shares during the period. Smartleaf Asset Management LLC’s holdings in CBRE Group were worth $1,818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CBRE. State Street Corp boosted its stake in CBRE Group by 1.8% during the 2nd quarter. State Street Corp now owns 13,734,182 shares of the financial services provider’s stock worth $1,924,434,000 after acquiring an additional 236,323 shares during the last quarter. Principal Financial Group Inc. raised its holdings in CBRE Group by 9.4% in the third quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock worth $1,491,855,000 after purchasing an additional 809,796 shares during the period. Geode Capital Management LLC boosted its position in shares of CBRE Group by 1.7% during the second quarter. Geode Capital Management LLC now owns 8,249,441 shares of the financial services provider’s stock worth $1,158,068,000 after purchasing an additional 134,160 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of 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 in the last quarter. Finally, Norges Bank acquired a new position in shares of CBRE Group in the 2nd quarter valued at $544,554,000. 98.41% of the stock is owned by institutional investors.

CBRE Group Stock Up 2.2%

NYSE:CBRE opened at $169.77 on Monday. 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 $50.52 billion, a PE ratio of 41.92 and a beta of 1.34. CBRE Group, Inc. has a 52-week low of $108.45 and a 52-week high of $173.05. The stock has a 50-day simple moving average of $164.48 and a 200 day simple moving average of $159.98.

Analyst Upgrades and Downgrades

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

About CBRE Group

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.