Baird Financial Group Inc. Decreases Position in CBRE Group, Inc. (NYSE:CBRE)

Baird Financial Group Inc. lessened its holdings in CBRE Group, Inc. (NYSE:CBREGet Rating) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,567 shares of the financial services provider’s stock after selling 1,008 shares during the period. Baird Financial Group Inc.’s holdings in CBRE Group were worth $1,146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CBRE. Tcwp LLC purchased a new position in CBRE Group in the 1st quarter valued at approximately $25,000. Atticus Wealth Management LLC purchased a new position in CBRE Group in the 2nd quarter valued at approximately $33,000. Janiczek Wealth Management LLC boosted its position in CBRE Group by 1,328.6% in the 2nd quarter. Janiczek Wealth Management LLC now owns 400 shares of the financial services provider’s stock valued at $34,000 after buying an additional 372 shares during the period. Allworth Financial LP boosted its position in CBRE Group by 566.7% in the 2nd quarter. Allworth Financial LP now owns 480 shares of the financial services provider’s stock valued at $35,000 after buying an additional 408 shares during the period. Finally, CX Institutional purchased a new position in CBRE Group in the 2nd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 96.74% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE:CBRE opened at $75.30 on Friday. The company’s fifty day moving average price is $72.08 and its 200 day moving average price is $76.79. CBRE Group, Inc. has a 12 month low of $66.31 and a 12 month high of $111.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $23.79 billion, a P/E ratio of 12.43 and a beta of 1.37.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of CBRE Group from $98.00 to $88.00 and set a “buy” rating for the company in a research report on Wednesday, October 19th. Evercore ISI decreased their price objective on shares of CBRE Group to $95.00 in a research report on Friday, September 30th. Raymond James decreased their price objective on shares of CBRE Group from $113.00 to $105.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 20th. StockNews.com assumed coverage on shares of CBRE Group in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, UBS Group decreased their price objective on shares of CBRE Group from $95.00 to $86.00 in a research report on Wednesday, September 21st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $100.83.

About CBRE Group

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CBRE Group, Inc engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services.

See Also

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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