Mitsubishi UFJ Trust & Banking Corp Has $78.65 Million Stock Position in CBRE Group, Inc. $CBRE

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 499,168 shares of the financial services provider’s stock after selling 86,130 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.17% of CBRE Group worth $78,649,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider’s stock valued at $1,903,000 after buying an additional 11,065 shares during the last quarter. Woodline Partners LP raised its holdings in CBRE Group by 38.2% in the 1st quarter. Woodline Partners LP now owns 24,972 shares of the financial services provider’s stock valued at $3,266,000 after acquiring an additional 6,908 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of CBRE Group by 67.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 446 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 179 shares during the period. Perigon Wealth Management LLC lifted its position in shares of CBRE Group by 12.1% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,700 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 291 shares during the period. Finally, CX Institutional grew its holdings in shares of CBRE Group by 17.0% during the 2nd quarter. CX Institutional now owns 2,071 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 301 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

NYSE:CBRE opened at $169.25 on Friday. The firm has a market cap of $50.37 billion, a PE ratio of 41.79 and a beta of 1.34. CBRE Group, Inc. has a 12 month low of $108.45 and a 12 month high of $173.05. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $162.09 and its two-hundred day moving average price is $157.89.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.15. The company had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.11 billion. CBRE Group had a net margin of 3.12% and a return on equity of 20.55%. The company’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business posted $1.20 earnings per share. On average, equities analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on CBRE. UBS Group raised their target price on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Morgan Stanley upped their target price on shares of CBRE Group from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday. Finally, Barclays lifted their price objective on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.14.

CBRE Group Profile

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.