Applied Finance Capital Management LLC Decreases Stake in CBRE Group, Inc. $CBRE

Applied Finance Capital Management LLC lessened its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 13.6% in the third quarter, Holdings Channel reports. The firm owned 148,273 shares of the financial services provider’s stock after selling 23,320 shares during the period. CBRE Group accounts for 1.7% of Applied Finance Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. Applied Finance Capital Management LLC’s holdings in CBRE Group were worth $23,363,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. ORG Partners LLC increased its position in shares of CBRE Group by 264.4% in the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 119 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of CBRE Group during the 2nd quarter valued at $30,000. Evelyn Partners Asset Management Ltd purchased a new stake in CBRE Group during the 2nd quarter worth $32,000. NewSquare Capital LLC increased its holdings in 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 purchasing an additional 68 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in CBRE Group in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CBRE. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, January 21st. Barclays boosted their price target on CBRE Group from $190.00 to $192.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods upped their price target on CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, UBS Group lifted their price objective on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $182.14.

CBRE Group Stock Performance

CBRE Group stock opened at $170.96 on Tuesday. CBRE Group, Inc. has a 52 week low of $108.45 and a 52 week 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. The stock has a market cap of $50.88 billion, a P/E ratio of 42.21 and a beta of 1.34. The stock has a 50 day moving average of $164.72 and a 200-day moving average of $160.17.

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.