CBRE Group, Inc. $CBRE Shares Bought by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan grew its position in CBRE Group, Inc. (NYSE:CBRE) by 127.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,592 shares of the financial services provider’s stock after acquiring an additional 5,930 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in CBRE Group were worth $1,684,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CBRE. Prime Capital Investment Advisors LLC increased its stake in shares of CBRE Group by 2.6% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 3,256 shares of the financial services provider’s stock valued at $513,000 after purchasing an additional 81 shares in the last quarter. Waterloo Capital L.P. grew its holdings in CBRE Group by 30.6% in the third quarter. Waterloo Capital L.P. now owns 1,960 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 459 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of CBRE Group by 54.5% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,655 shares of the financial services provider’s stock valued at $3,254,000 after buying an additional 7,282 shares in the last quarter. Savant Capital LLC increased its position in shares of CBRE Group by 9.1% in the third quarter. Savant Capital LLC now owns 8,646 shares of the financial services provider’s stock valued at $1,362,000 after buying an additional 724 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new position in shares of CBRE Group during the 3rd quarter worth approximately $3,605,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

CBRE Group Stock Performance

NYSE:CBRE opened at $169.77 on Friday. The company has a market cap of $50.52 billion, a P/E ratio of 41.92 and a beta of 1.34. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $173.05. The company’s 50-day moving average price is $164.48 and its 200-day moving average price is $159.88. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CBRE shares. Weiss Ratings reissued a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, January 21st. Barclays lifted their target price on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, UBS Group raised their price target 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.