Headlands Technologies LLC bought a new stake in CBRE Group, Inc. (NYSE:CBRE – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,027 shares of the financial services provider’s stock, valued at approximately $76,000.
A number of other large investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC boosted its position in CBRE Group by 57.4% in the 1st quarter. Belpointe Asset Management LLC now owns 499 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 182 shares in the last quarter. GeoWealth Management LLC purchased a new stake in CBRE Group in the 1st quarter worth approximately $48,000. Massmutual Trust Co. FSB ADV boosted its position in CBRE Group by 73.1% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 734 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 310 shares in the last quarter. Money Concepts Capital Corp boosted its position in CBRE Group by 87.9% in the 4th quarter. Money Concepts Capital Corp now owns 810 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 379 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in CBRE Group in the 2nd quarter worth approximately $66,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.
CBRE Group Stock Up 2.0 %
Shares of NYSE:CBRE opened at $88.25 on Tuesday. The business has a 50-day moving average price of $87.27 and a 200 day moving average price of $81.10. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $26.90 billion, a price-to-earnings ratio of 47.19 and a beta of 1.43. CBRE Group, Inc. has a 12-month low of $64.63 and a 12-month high of $94.27.
Wall Street Analysts Forecast Growth
About CBRE Group
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices; industrial and retail space; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, lease administration, accounting, and financial services 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.
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