Amalgamated Bank Raises Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Amalgamated Bank boosted its position in shares of CBRE Group, Inc. (NYSE:CBREFree Report) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,541 shares of the financial services provider’s stock after purchasing an additional 1,168 shares during the quarter. Amalgamated Bank’s holdings in CBRE Group were worth $6,096,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Harris Associates L P boosted its position in shares of CBRE Group by 9.6% in the second quarter. Harris Associates L P now owns 14,735,255 shares of the financial services provider’s stock worth $1,189,282,000 after acquiring an additional 1,292,532 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CBRE Group by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 7,189,800 shares of the financial services provider’s stock worth $522,405,000 after purchasing an additional 148,971 shares during the period. Principal Financial Group Inc. grew its holdings in shares of CBRE Group by 15.1% during the 3rd quarter. Principal Financial Group Inc. now owns 6,820,818 shares of the financial services provider’s stock worth $503,786,000 after purchasing an additional 894,521 shares during the period. Allspring Global Investments Holdings LLC increased its position in CBRE Group by 5.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,824,186 shares of the financial services provider’s stock worth $430,175,000 after purchasing an additional 294,954 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in CBRE Group by 2.0% in the second quarter. Franklin Resources Inc. now owns 5,726,008 shares of the financial services provider’s stock valued at $462,146,000 after buying an additional 112,976 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

CBRE Group Stock Up 1.0 %

Shares of CBRE opened at $84.19 on Wednesday. The stock’s 50-day moving average price is $86.82 and its two-hundred day moving average price is $81.12. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $94.27. The company has a market capitalization of $25.66 billion, a PE ratio of 45.02 and a beta of 1.43. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.

Wall Street Analyst Weigh In

CBRE has been the topic of a number of analyst reports. Raymond James lifted their price objective on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. UBS Group dropped their target price on CBRE Group from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 22nd. Evercore ISI cut shares of CBRE Group from an “outperform” rating to an “in-line” rating and increased their price target for the stock from $79.00 to $96.00 in a research report on Wednesday, January 3rd. Finally, TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and an average price target of $92.29.

Get Our Latest Research Report on CBRE Group

Insiders Place Their Bets

In related news, CFO Emma E. Giamartino sold 1,064 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $76.53, for a total transaction of $81,427.92. Following the sale, the chief financial officer now owns 53,685 shares in the company, valued at approximately $4,108,513.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.53% of the company’s stock.

CBRE Group Company Profile

(Free Report)

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices; industrial and retail space; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, lease administration, accounting, and financial services for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.

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

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