ING Groep NV Has $35.67 Million Stake in CBRE Group, Inc. $CBRE

ING Groep NV grew its position in CBRE Group, Inc. (NYSE:CBRE) by 11.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 226,411 shares of the financial services provider’s stock after purchasing an additional 23,272 shares during the quarter. ING Groep NV’s holdings in CBRE Group were worth $35,673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CBRE. Norges Bank bought a new position 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 in the last quarter. Qube Research & Technologies Ltd boosted its holdings in shares of CBRE Group by 210.6% in 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 purchasing an additional 734,563 shares in the last quarter. AGF Management Ltd. increased its stake in shares of CBRE Group by 6,364.1% in the 3rd quarter. AGF Management Ltd. now owns 737,947 shares of the financial services provider’s stock valued at $116,271,000 after purchasing an additional 726,531 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised 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 in the last quarter. Institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CBRE. UBS Group raised their price objective on CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of CBRE Group in a research note on Wednesday, January 21st. 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. Finally, Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $185.00 to $192.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Seven 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 presently has an average rating of “Moderate Buy” and an average price target of $182.14.

CBRE Group Stock Performance

NYSE:CBRE opened at $170.37 on Wednesday. The stock’s 50-day moving average is $164.94 and its 200-day moving average is $160.33. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $174.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The stock has a market cap of $50.70 billion, a P/E ratio of 42.07 and a beta of 1.34.

CBRE Group 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.