Atlantic Union Bankshares Corp Grows Position in CBRE Group, Inc. (NYSE:CBRE)

Atlantic Union Bankshares Corp boosted its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,278 shares of the financial services provider’s stock after purchasing an additional 951 shares during the period. Atlantic Union Bankshares Corp’s holdings in CBRE Group were worth $3,333,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CBRE Group in the 4th quarter valued at $45,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of CBRE Group by 190.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 326 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of CBRE Group in the 4th quarter valued at $48,000. Planned Solutions Inc. purchased a new stake in shares of CBRE Group in the 4th quarter valued at $52,000. Finally, Headinvest LLC purchased a new stake in shares of CBRE Group in the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CBRE. StockNews.com cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Evercore ISI boosted their target price on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group began coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $99.50.

CBRE Group Price Performance

NYSE:CBRE traded up $0.61 during trading hours on Friday, reaching $89.11. 2,251,388 shares of the company were exchanged, compared to its average volume of 1,684,981. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average is $87.95 and its 200-day moving average is $89.46. The firm has a market cap of $27.34 billion, a PE ratio of 27.76 and a beta of 1.41. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The company had revenue of $7.94 billion during the quarter, compared to analysts’ expectations of $7.94 billion. CBRE Group had a net margin of 3.06% and a return on equity of 12.96%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. On average, sell-side analysts anticipate that CBRE Group, Inc. will post 4.5 earnings per share for the current fiscal year.

CBRE Group 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.