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CBRE Group reported strong Q1 2020 financials, despite reduced holdings by major investors.
In the first quarter of 2020, CBRE Group saw reduced stock holdings by Illinois Municipal Retirement Fund and Hills Bank & Trust Co.
Despite this, CBRE reported strong financials, with revenues of $8.91 billion, a 12.3% year-over-year increase, and earnings per share of $0.86, surpassing analyst expectations.
The company's stock has a "Moderate Buy" rating with an average target price of $150.33.
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El Grupo CBRE informó de fuertes resultados financieros del primer trimestre de 2020, a pesar de la reducción de las tenencias de los principales inversores.