11,879 CBRE Group, Inc. $CBRE Shares Bought by Channel Wealth LLC

Channel Wealth LLC increased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 422.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,689 shares of the financial services provider’s stock after acquiring an additional 11,879 shares during the period. Channel Wealth LLC’s holdings in CBRE Group were worth $1,887,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in CBRE Group by 20.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,071,885 shares of the financial services provider’s stock worth $400,973,000 after purchasing an additional 512,536 shares during the period. Dimensional Fund Advisors LP boosted its holdings in CBRE Group by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,896,802 shares of the financial services provider’s stock valued at $392,368,000 after purchasing an additional 159,482 shares in the last quarter. Sei Investments Co. boosted its holdings in CBRE Group by 8.7% during the first quarter. Sei Investments Co. now owns 2,181,413 shares of the financial services provider’s stock valued at $295,494,000 after purchasing an additional 175,344 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in CBRE Group by 52.2% during the third quarter. Assenagon Asset Management S.A. now owns 1,930,992 shares of the financial services provider’s stock valued at $248,075,000 after purchasing an additional 662,421 shares in the last quarter. Finally, Amundi grew its stake in shares of CBRE Group by 12.1% in the 1st quarter. Amundi now owns 1,906,456 shares of the financial services provider’s stock valued at $258,249,000 after purchasing an additional 205,493 shares during the period. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Up 0.5%

Shares of NYSE:CBRE opened at $133.17 on Friday. CBRE Group, Inc. has a one year low of $121.44 and a one year high of $174.27. The company has a 50 day moving average of $133.87 and a 200-day moving average of $140.30. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $38.38 billion, a price-to-earnings ratio of 28.52 and a beta of 1.24.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.09. CBRE Group had a net margin of 3.08% and a return on equity of 26.31%. The business had revenue of $11.52 billion for the quarter, compared to analyst estimates of $11.81 billion. During the same period in the prior year, the business posted $1.61 earnings per share. CBRE Group’s revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts forecast that CBRE Group, Inc. will post 7.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of recent research reports. Evercore dropped their target price on CBRE Group from $175.00 to $166.00 and set an “outperform” rating for the company in a report on Monday, September 28th. Weiss Ratings restated a “hold (c+)” rating on shares of CBRE Group in a research report on Friday, August 21st. Barclays boosted their price target on CBRE Group from $180.00 to $183.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. UBS Group upped their price target on CBRE Group from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Nine investment 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 presently has a consensus rating of “Moderate Buy” and an average target price of $182.78.

About CBRE Group

CBRE Group, Inc. is a commercial real estate services and investment company serving property owners, occupiers, investors and developers. Its services include property leasing and sales, property and facilities management, project management, valuation, consulting and commercial real estate financing. The company also provides real estate investment management and development services. Through its global operations, CBRE serves clients across a range of property types and markets, including offices, industrial facilities, retail properties and data centers.