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HB Wealth Management LLC Has $302,000 Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

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HB Wealth Management LLC cut its position in shares of CBRE Group, Inc. (NYSE:CBRE – Get Rating) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,102 shares of the financial services provider's stock after selling 224 shares during the quarter. HB Wealth Management LLC's holdings in CBRE Group were worth $302,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Tcwp LLC acquired a new stake in CBRE Group during the 1st quarter worth $25,000. Jones Financial Companies Lllp grew its holdings in CBRE Group by 65.4% during the 1st quarter. Jones Financial Companies Lllp now owns 316 shares of the financial services provider's stock worth $29,000 after acquiring an additional 125 shares during the period. Lloyd Advisory Services LLC. acquired a new stake in CBRE Group during the 1st quarter worth $31,000. Atticus Wealth Management LLC acquired a new stake in CBRE Group during the 2nd quarter worth $33,000. Finally, Allworth Financial LP grew its holdings in CBRE Group by 566.7% during the 2nd quarter. Allworth Financial LP now owns 480 shares of the financial services provider's stock worth $35,000 after acquiring an additional 408 shares during the period. 96.74% of the stock is owned by institutional investors and hedge funds.

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CBRE Group Stock Performance

NYSE CBRE opened at $69.03 on Tuesday. The firm has a market capitalization of $22.17 billion, a price-to-earnings ratio of 11.58 and a beta of 1.38. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17. The firm's 50 day simple moving average is $80.78 and its 200 day simple moving average is $81.27. CBRE Group, Inc. has a 1 year low of $67.68 and a 1 year high of $111.00.

CBRE Group (NYSE:CBRE – Get Rating) last announced its earnings results on Thursday, August 4th. The financial services provider reported $1.83 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.44. CBRE Group had a net margin of 6.59% and a return on equity of 25.77%. The business had revenue of $7.77 billion during the quarter, compared to the consensus estimate of $7.72 billion. During the same quarter last year, the firm earned $1.36 earnings per share. CBRE Group's quarterly revenue was up 20.3% on a year-over-year basis. As a group, research analysts expect that CBRE Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CBRE has been the subject of a number of analyst reports. Raymond James lifted their target price on shares of CBRE Group from $110.00 to $113.00 and gave the stock a "strong-buy" rating in a report on Friday, August 5th. UBS Group dropped their target price on shares of CBRE Group from $95.00 to $86.00 in a report on Wednesday, September 21st. StockNews.com cut shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Thursday, August 25th. Finally, Evercore ISI upped their target price on shares of CBRE Group to $96.00 in a report on Monday, August 15th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $106.17.

CBRE Group Company Profile

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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; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, 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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