Tidal Investments LLC Boosts Holdings in CBRE Group, Inc. (NYSE:CBRE)

Tidal Investments LLC boosted its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 97.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,290 shares of the financial services provider's stock after buying an additional 5,077 shares during the period. Tidal Investments LLC's holdings in CBRE Group were worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CBRE. State Street Corp lifted its holdings in shares of CBRE Group by 5.4% in the third 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 shares of CBRE Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider's stock valued at $950,270,000 after purchasing an additional 56,888 shares in the last quarter. FMR LLC grew its position in shares of CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock valued at $944,435,000 after purchasing an additional 3,498,244 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of CBRE Group by 3.9% in the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock worth $924,223,000 after purchasing an additional 277,922 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of CBRE Group by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,136,802 shares of the financial services provider's stock worth $763,909,000 after buying an additional 49,732 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Emma E. Giamartino sold 1,815 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares in the company, valued at approximately $9,214,026.36. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CBRE has been the topic of several research reports. Citigroup boosted their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $120.00 to $163.00 in a research report on Monday. The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They set a "buy" rating and a $176.00 price objective on the stock. Finally, Evercore ISI lifted their target price on CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. Five analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $133.33.

CBRE Group Trading Down 2.5 %

CBRE Group stock traded down $3.27 during mid-day trading on Thursday, hitting $125.65. The company's stock had a trading volume of 2,481,364 shares, compared to its average volume of 1,703,163. CBRE Group, Inc. has a one year low of $82.75 and a one year high of $142.00. The stock has a market cap of $38.45 billion, a PE ratio of 40.40 and a beta of 1.39. The company has a 50 day moving average of $132.52 and a 200-day moving average of $114.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The firm had revenue of $9.04 billion for the quarter, compared to analysts' expectations of $8.80 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The business's revenue for the quarter was up 14.8% on a year-over-year basis. On average, research analysts anticipate that CBRE Group, Inc. will post 4.99 EPS for the current year.

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.