Barclays PLC boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE – Free Report) by 5.5% during the 4th quarter, HoldingsChannel reports. The firm owned 781,833 shares of the financial services provider’s stock after purchasing an additional 40,445 shares during the period. Barclays PLC’s holdings in CBRE Group were worth $125,711,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of CBRE. Swiss RE Ltd. purchased a new position in CBRE Group during the 4th quarter worth $25,000. Navalign LLC purchased a new stake in shares of CBRE Group in the fourth quarter valued at about $29,000. Ameriflex Group Inc. purchased a new stake in shares of CBRE Group in the third quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CBRE Group in the fourth quarter valued at about $42,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of CBRE Group by 37.6% in the fourth quarter. SBI Securities Co. Ltd. now owns 267 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 73 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.
CBRE Group Stock Up 0.4%
Shares of NYSE CBRE opened at $133.94 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a 52 week low of $121.69 and a 52 week high of $174.27. The firm has a 50-day moving average price of $138.38 and a 200 day moving average price of $148.73. The stock has a market capitalization of $39.22 billion, a price-to-earnings ratio of 30.51 and a beta of 1.22.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on CBRE shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of CBRE Group in a report on Friday, May 15th. Weiss Ratings downgraded shares of CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Barclays lifted their target price on shares of CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Evercore reaffirmed an “outperform” rating and issued a $179.00 target price on shares of CBRE Group in a report on Friday, April 24th. Finally, Wall Street Zen raised shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Eight 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 has an average rating of “Moderate Buy” and an average target price of $180.29.
Read Our Latest Research Report on CBRE
Insider Activity at CBRE Group
In related news, CFO Emma E. Giamartino sold 2,250 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the sale, the chief financial officer owned 110,729 shares in the company, valued at $14,476,709.46. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is owned by company insiders.
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.
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