ING Groep NV Acquires 23,272 Shares of CBRE Group, Inc. $CBRE

ING Groep NV grew its holdings in CBRE Group, Inc. (NYSE:CBRE) by 11.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226,411 shares of the financial services provider’s stock after buying an additional 23,272 shares during the period. ING Groep NV owned 0.08% of CBRE Group worth $35,673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. ORG Partners LLC raised its stake in CBRE Group by 264.4% in the 3rd quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 119 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of CBRE Group in the second quarter valued at $30,000. Evelyn Partners Asset Management Ltd acquired a new position in shares of CBRE Group in the second quarter valued at $32,000. NewSquare Capital LLC raised its position in shares of CBRE Group by 40.7% in the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 68 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of CBRE Group during the 3rd quarter worth about $38,000. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CBRE. Barclays upped their price target on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Keefe, Bruyette & Woods increased their target price on 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 reissued a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, January 21st. Finally, UBS Group upped their price objective on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.14.

CBRE Group Trading Down 0.4%

Shares of CBRE stock opened at $170.37 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The stock has a market cap of $50.70 billion, a P/E ratio of 42.07 and a beta of 1.34. The stock has a 50 day simple moving average of $164.94 and a 200 day simple moving average of $160.33. CBRE Group, Inc. has a 1 year low of $108.45 and a 1 year high of $174.27.

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.