M.D. Sass LLC Trims Stock Position in CBRE Group, Inc. $CBRE

M.D. Sass LLC trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE) by 25.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 293,669 shares of the financial services provider’s stock after selling 102,900 shares during the period. CBRE Group accounts for approximately 3.8% of M.D. Sass LLC’s holdings, making the stock its 15th largest holding. M.D. Sass LLC’s holdings in CBRE Group were worth $46,270,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank purchased a new stake in CBRE Group in the second quarter valued at approximately $544,554,000. Principal Financial Group Inc. boosted its holdings in shares of CBRE Group by 9.4% in the 3rd quarter. Principal Financial Group Inc. now owns 9,468,455 shares of the financial services provider’s stock valued at $1,491,855,000 after purchasing an additional 809,796 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of CBRE Group by 210.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,083,413 shares of the financial services provider’s stock valued at $151,808,000 after buying an additional 734,563 shares during the period. AGF Management Ltd. grew its stake in shares of CBRE Group by 6,364.1% during the 3rd quarter. AGF Management Ltd. now owns 737,947 shares of the financial services provider’s stock valued at $116,271,000 after buying an additional 726,531 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of CBRE Group by 13.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock worth $704,610,000 after buying an additional 532,151 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of research reports. UBS Group boosted their price target on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $185.00 to $192.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a report on Wednesday, January 21st. Finally, Barclays raised their price target on shares of CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.14.

CBRE Group Trading Up 0.2%

Shares of CBRE opened at $166.26 on Friday. The company has a market capitalization of $49.48 billion, a P/E ratio of 41.05 and a beta of 1.34. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50-day moving average price of $164.32 and a 200 day moving average price of $159.57. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $173.05.

CBRE Group Company 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.