Baader Bank Aktiengesellschaft Sells 6,172 Shares of CBRE Group, Inc. $CBRE

Baader Bank Aktiengesellschaft lowered its stake in shares of CBRE Group, Inc. (NYSE:CBREFree Report) by 49.6% during the third quarter, HoldingsChannel reports. The fund owned 6,264 shares of the financial services provider’s stock after selling 6,172 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in CBRE Group were worth $983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in CBRE Group in the 2nd quarter worth $544,554,000. Principal Financial Group Inc. raised its position in shares of 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 last quarter. Qube Research & Technologies Ltd raised its holdings in CBRE Group by 210.6% in 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 in the last quarter. AGF Management Ltd. raised its holdings 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 lifted its position in shares of CBRE Group by 13.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock worth $704,610,000 after acquiring an additional 532,151 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on CBRE

CBRE Group Stock Down 12.6%

CBRE opened at $148.81 on Thursday. The firm has a market cap of $44.28 billion, a price-to-earnings ratio of 36.74 and a beta of 1.34. 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 firm’s 50-day simple moving average is $164.66 and its 200-day simple moving average is $160.25. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $174.27.

CBRE Group News Roundup

Here are the key news stories impacting CBRE Group this week:

About CBRE Group

(Free Report)

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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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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