Incline Global Management LLC purchased a new position in CBRE Group, Inc. (NYSE:CBRE – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 59,608 shares of the financial services provider’s stock, valued at approximately $9,584,000. CBRE Group makes up approximately 3.3% of Incline Global Management LLC’s investment portfolio, making the stock its 18th biggest holding.
Other institutional investors have also bought and sold shares of the company. Swiss RE Ltd. purchased a new stake in CBRE Group in the 4th quarter worth $25,000. Navalign LLC purchased a new stake in CBRE Group in the 4th quarter worth $29,000. Ameriflex Group Inc. purchased a new stake in CBRE Group in the 3rd quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CBRE Group in the 4th quarter worth $42,000. Finally, SBI Securities Co. Ltd. increased its stake in CBRE Group by 37.6% in the 4th quarter. SBI Securities Co. Ltd. now owns 267 shares of the financial services provider’s stock worth $43,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.
CBRE Group Stock Down 3.4%
Shares of NYSE:CBRE opened at $130.88 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.57. CBRE Group, Inc. has a 12 month low of $121.69 and a 12 month high of $174.27. The company has a 50-day moving average price of $138.26 and a 200 day moving average price of $148.32. The company has a market cap of $38.32 billion, a price-to-earnings ratio of 29.81 and a beta of 1.21.
Insider Activity at CBRE Group
In related news, CFO Emma E. Giamartino sold 2,250 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $130.74, for a total value of $294,165.00. Following the completion of the transaction, the chief financial officer owned 110,729 shares of the company’s stock, valued at approximately $14,476,709.46. This trade represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.46% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on CBRE shares. UBS Group reiterated a “buy” rating on shares of CBRE Group in a research note on Wednesday. Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Jefferies Financial Group reiterated a “buy” rating on shares of CBRE Group in a research note on Friday, May 15th. Barclays increased their price target on CBRE Group from $175.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $180.29.
Get Our Latest Stock Report on CBRE
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.
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