Atlantic Union Bankshares Corp Has $1.10 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Atlantic Union Bankshares Corp trimmed its position in CBRE Group, Inc. (NYSE:CBRE) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,351 shares of the financial services provider’s stock after selling 867 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in CBRE Group were worth $1,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group during the 4th quarter worth $25,000. Canton Hathaway LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth $27,000. Denver PWM LLC acquired a new stake in shares of CBRE Group during the 4th quarter worth $29,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth $32,000. Finally, Larson Financial Group LLC grew its holdings in shares of CBRE Group by 610.9% during the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 281 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Price Performance

CBRE Group stock opened at $130.51 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $39.16 billion, a PE ratio of 41.56 and a beta of 1.42. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The stock has a 50-day moving average price of $137.91 and a two-hundred day moving average price of $130.81.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CBRE. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Citigroup raised their price objective on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group assumed coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective on the stock. Evercore ISI reduced their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods raised their price objective on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.89.

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.