CBRE Group, Inc. $CBRE Stock Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. boosted its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 70.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 399,099 shares of the financial services provider's stock after purchasing an additional 164,885 shares during the quarter. Eurizon Capital SGR S.p.A. owned approximately 0.14% of CBRE Group worth $51,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CenterBook Partners LP lifted its position in shares of CBRE Group by 468.2% during the 3rd quarter. CenterBook Partners LP now owns 21,126 shares of the financial services provider's stock valued at $2,714,000 after buying an additional 17,408 shares in the last quarter. IFP Advisors Inc lifted its position in CBRE Group by 1,536.9% during the third quarter. IFP Advisors Inc now owns 54,313 shares of the financial services provider's stock valued at $6,978,000 after purchasing an additional 50,995 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in shares of CBRE Group by 138.3% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 12,971 shares of the financial services provider's stock valued at $1,666,000 after acquiring an additional 7,529 shares during the last quarter. Plato Investment Management Ltd bought a new stake in CBRE Group during the second quarter worth approximately $2,209,000. Finally, Chicago Partners Investment Group LLC increased its stake in CBRE Group by 121.5% during the third quarter. Chicago Partners Investment Group LLC now owns 13,617 shares of the financial services provider's stock worth $1,679,000 after acquiring an additional 7,470 shares during the last quarter. Hedge funds and other institutional investors own 98.41% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CBRE shares. Barclays raised their price objective on shares of CBRE Group from $180.00 to $183.00 and gave the stock an "overweight" rating in a research note on Monday, August 17th. Jefferies Financial Group decreased their price objective on CBRE Group from $180.00 to $164.00 in a research note on Monday, October 12th. JPMorgan Chase & Co. dropped their price objective on CBRE Group from $190.00 to $186.00 in a research report on Tuesday, October 13th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CBRE Group in a research report on Friday, August 21st. Finally, UBS Group lifted their price objective on shares of CBRE Group from $185.00 to $190.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, CBRE Group presently has an average rating of "Moderate Buy" and a consensus price target of $182.78.

CBRE Group Price Performance

CBRE stock opened at $133.17 on Friday. The business's fifty day moving average price is $133.87 and its 200 day moving average price is $140.30. CBRE Group, Inc. has a 12-month low of $121.44 and a 12-month high of $174.27. The company has a market capitalization of $38.38 billion, a PE ratio of 16.67 and a beta of 1.24. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.63.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, October 22nd. The financial services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.09. CBRE Group had a return on equity of 26.31% and a net margin of 3.08%. The business had revenue of $11.52 billion for the quarter, compared to analyst estimates of $11.81 billion. During the same quarter last year, the company earned $1.61 EPS. The business's quarterly revenue was up 12.7% on a year-over-year basis. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 7.76 EPS for the current year.

CBRE Group Profile

CBRE Group, Inc. is a commercial real estate services and investment company serving property owners, occupiers, investors and developers. Its services include property leasing and sales, property and facilities management, project management, valuation, consulting and commercial real estate financing. The company also provides real estate investment management and development services. Through its global operations, CBRE serves clients across a range of property types and markets, including offices, industrial facilities, retail properties and data centers.

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