Atlas Capital Advisors LLC Acquires Shares of 9,796 CBRE Group Inc (CBRE)
Atlas Capital Advisors LLC acquired a new stake in CBRE Group Inc (NYSE:CBRE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,796 shares of the financial services provider’s stock, valued at approximately $434,000.
Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in CBRE Group in the third quarter valued at about $103,000. Quadrant Capital Group LLC purchased a new position in CBRE Group in the third quarter valued at about $128,000. Hanson & Doremus Investment Management purchased a new position in CBRE Group in the third quarter valued at about $155,000. SRS Capital Advisors Inc. purchased a new position in CBRE Group in the third quarter valued at about $156,000. Finally, Advisory Services Network LLC purchased a new position in CBRE Group in the third quarter valued at about $162,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.
Shares of CBRE opened at $42.25 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 1.16. CBRE Group Inc has a 1-year low of $38.05 and a 1-year high of $50.43. The company has a market cap of $14.87 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.05 and a beta of 1.76.
A number of research analysts have issued reports on CBRE shares. Bank of America dropped their target price on shares of CBRE Group from $54.00 to $47.00 and set a “buy” rating for the company in a report on Friday, November 2nd. ValuEngine cut shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Barclays increased their target price on shares of CBRE Group from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, August 30th. Finally, Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Monday, August 6th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $52.56.
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CBRE Group Company Profile
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
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