CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,699 shares of the financial services provider’s stock after selling 285 shares during the period. Kentucky Retirement Systems’ holdings in CBRE Group were worth $2,718,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CBRE. FMR LLC increased its position in shares of CBRE Group by 85.6% in the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider’s stock worth $944,435,000 after acquiring an additional 3,498,244 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of CBRE Group in the fourth quarter valued at $175,978,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of CBRE Group by 60.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider’s stock valued at $329,320,000 after purchasing an additional 993,963 shares during the period. State Street Corp boosted its stake in shares of CBRE Group by 5.4% in the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider’s stock valued at $1,672,204,000 after purchasing an additional 692,697 shares during the period. Finally, Jennison Associates LLC boosted its stake in shares of CBRE Group by 88.6% in the fourth quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider’s stock valued at $94,015,000 after purchasing an additional 336,359 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CBRE. Morgan Stanley upped their target price on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday. Raymond James downgraded shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Finally, Evercore ISI reduced their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CBRE Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Stock Down 4.2 %

Shares of NYSE:CBRE opened at $135.72 on Friday. The stock has a market capitalization of $40.72 billion, a price-to-earnings ratio of 43.22 and a beta of 1.39. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company’s fifty day moving average is $136.50 and its two-hundred day moving average is $128.66. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Equities analysts anticipate that CBRE Group, Inc. will post 5.99 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.