Oppenheimer Asset Management Inc. Has $10.47 Million Stock Position in CBRE Group, Inc. $CBRE

Oppenheimer Asset Management Inc. raised its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 20.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 66,464 shares of the financial services provider’s stock after purchasing an additional 11,434 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CBRE Group were worth $10,472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBRE. ORG Partners LLC increased its position in shares of CBRE Group by 264.4% during the third quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after buying an additional 119 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in CBRE Group during the second quarter valued at $30,000. Evelyn Partners Asset Management Ltd bought a new stake in CBRE Group during the second quarter valued at $32,000. NewSquare Capital LLC grew its holdings in CBRE Group by 40.7% during the 2nd quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 68 shares during the period. Finally, Bank of Jackson Hole Trust bought a new position in shares of CBRE Group in the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

CBRE opened at $170.96 on Tuesday. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $173.05. The company has a market cap of $50.88 billion, a price-to-earnings ratio of 42.21 and a beta of 1.34. The company’s fifty day moving average price is $164.72 and its two-hundred day moving average price is $160.17. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CBRE shares. Barclays upped their target price on CBRE Group from $190.00 to $192.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CBRE Group in a research report on Wednesday, January 21st. UBS Group boosted their target price on shares of CBRE Group from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $185.00 to $192.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $182.14.

About CBRE Group

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.