CBRE Group, Inc. (NYSE:CBRE) Stock Position Lowered by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 5.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,962 shares of the financial services provider’s stock after selling 1,230 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in CBRE Group were worth $2,859,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CBRE. Algert Global LLC purchased a new stake in CBRE Group in the 3rd quarter worth about $1,829,000. Prestige Wealth Management Group LLC lifted its position in shares of CBRE Group by 17,304.5% in the third quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 3,807 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of CBRE Group by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,876,724 shares of the financial services provider’s stock worth $233,615,000 after purchasing an additional 16,202 shares during the period. Cornerstone Advisors LLC grew its position in CBRE Group by 29.9% during the third quarter. Cornerstone Advisors LLC now owns 16,500 shares of the financial services provider’s stock valued at $2,054,000 after purchasing an additional 3,800 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in CBRE Group by 6.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 323,311 shares of the financial services provider’s stock valued at $28,810,000 after buying an additional 20,717 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,815 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the transaction, the chief financial officer now directly owns 70,154 shares in the company, valued at $9,214,026.36. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CBRE shares. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Evercore ISI raised their price target on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Finally, Citigroup lifted their price target on CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a report on Monday, November 25th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.63.

CBRE Group Stock Down 1.7 %

Shares of CBRE stock opened at $137.30 on Friday. The stock’s 50 day simple moving average is $131.69 and its 200 day simple moving average is $113.82. CBRE Group, Inc. has a twelve month low of $82.75 and a twelve month high of $142.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $42.02 billion, a price-to-earnings ratio of 44.15 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.14. The company had revenue of $9.04 billion for the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. As a group, research analysts predict that CBRE Group, Inc. will post 4.99 EPS for the current year.

CBRE Group Company 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.