Oppenheimer Asset Management Inc. Has $10.47 Million Stock Holdings in CBRE Group, Inc. $CBRE

Oppenheimer Asset Management Inc. raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 20.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,464 shares of the financial services provider’s stock after purchasing an additional 11,434 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CBRE Group were worth $10,472,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of CBRE Group in the 2nd quarter valued at $544,554,000. Principal Financial Group Inc. boosted its stake in CBRE Group by 9.4% in the third 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 buying an additional 809,796 shares in the last quarter. Qube Research & Technologies Ltd grew its position in CBRE Group by 210.6% in the second quarter. Qube Research & Technologies Ltd now owns 1,083,413 shares of the financial services provider’s stock valued at $151,808,000 after acquiring an additional 734,563 shares during the last quarter. AGF Management Ltd. raised its stake in CBRE Group by 6,364.1% during the third quarter. AGF Management Ltd. now owns 737,947 shares of the financial services provider’s stock worth $116,271,000 after acquiring an additional 726,531 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of CBRE Group by 13.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,472,013 shares of the financial services provider’s stock worth $704,610,000 after acquiring an additional 532,151 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Performance

Shares of CBRE Group stock opened at $170.96 on Tuesday. The stock has a market cap of $50.88 billion, a price-to-earnings ratio of 42.21 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 fifty day moving average is $164.72 and its 200 day moving average is $160.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays lifted 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. 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 report on Thursday, January 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, January 21st. Finally, UBS Group boosted their price objective on CBRE Group from $165.00 to $175.00 and gave the stock a “neutral” rating in a research report 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, CBRE Group presently has an average rating of “Moderate Buy” and an average target price of $182.14.

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.