Twin Capital Management Inc. Reduces Position in CBRE Group, Inc. $CBRE

Twin Capital Management Inc. decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 22.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 28,070 shares of the financial services provider’s stock after selling 8,011 shares during the quarter. Twin Capital Management Inc.’s holdings in CBRE Group were worth $4,423,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Prime Capital Investment Advisors LLC increased its holdings in CBRE Group by 2.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 3,256 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 81 shares during the last quarter. Waterloo Capital L.P. increased its stake in shares of CBRE Group by 30.6% in the third quarter. Waterloo Capital L.P. now owns 1,960 shares of the financial services provider’s stock worth $309,000 after buying an additional 459 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in CBRE Group by 54.5% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,655 shares of the financial services provider’s stock valued at $3,254,000 after acquiring an additional 7,282 shares in the last quarter. Savant Capital LLC raised its holdings in CBRE Group by 9.1% in the third quarter. Savant Capital LLC now owns 8,646 shares of the financial services provider’s stock valued at $1,362,000 after acquiring an additional 724 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new position in CBRE Group during the 3rd quarter valued at $3,605,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of CBRE opened at $169.77 on Friday. CBRE Group, Inc. has a one year low of $108.45 and a one year high of $173.05. The stock’s fifty day moving average is $164.48 and its 200-day moving average is $159.76. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $50.52 billion, a price-to-earnings ratio of 41.92 and a beta of 1.34.

Analyst Ratings Changes

Several research firms have recently weighed in on CBRE. Keefe, Bruyette & Woods boosted their target price on shares of CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a research 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. Barclays upped their price objective on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Finally, UBS Group lifted their target price 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.