CBRE Group, Inc. (NYSE:CBRE) Stake Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 14.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,227,358 shares of the financial services provider's stock after selling 909,444 shares during the period. CBRE Group accounts for approximately 1.1% of Allspring Global Investments Holdings LLC's holdings, making the stock its 7th biggest holding. Allspring Global Investments Holdings LLC owned approximately 1.71% of CBRE Group worth $679,113,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp lifted its holdings in CBRE Group by 5.4% in the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock worth $1,672,204,000 after buying an additional 692,697 shares in the last quarter. Geode Capital Management LLC grew its position in CBRE Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider's stock worth $950,270,000 after purchasing an additional 56,888 shares during the last quarter. FMR LLC lifted its stake in shares of CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after acquiring an additional 3,498,244 shares during the period. Principal Financial Group Inc. lifted its stake in shares of CBRE Group by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock worth $924,223,000 after acquiring an additional 277,922 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of CBRE Group by 12.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock worth $391,752,000 after acquiring an additional 338,298 shares during the period. 98.41% of the stock is owned by hedge funds and other institutional investors.

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CBRE Group Trading Up 0.5 %

Shares of NYSE:CBRE traded up $0.76 during mid-day trading on Friday, hitting $143.89. The company had a trading volume of 2,078,167 shares, compared to its average volume of 1,865,812. The firm has a fifty day moving average price of $136.08 and a 200 day moving average price of $127.59. The company has a market capitalization of $44.03 billion, a PE ratio of 46.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. As a group, research analysts forecast that CBRE Group, Inc. will post 4.99 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday. Morgan Stanley upgraded shares of CBRE Group from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. The Goldman Sachs Group began coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a "buy" rating and a $176.00 price target for the company. Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Finally, Raymond James cut shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $149.33.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis 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.