CBRE Group, Inc. (NYSE:CBRE) Holdings Decreased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its holdings in CBRE Group, Inc. (NYSE:CBRE) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,876 shares of the financial services provider’s stock after selling 2,099 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in CBRE Group were worth $2,419,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Humankind Investments LLC grew its position in CBRE Group by 5.3% during the fourth quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 146 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of CBRE Group by 0.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock valued at $3,955,000 after acquiring an additional 149 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of CBRE Group by 5.3% in the first quarter. HB Wealth Management LLC now owns 3,775 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 191 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in shares of CBRE Group by 4.4% during the first quarter. Bleakley Financial Group LLC now owns 4,506 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 191 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in CBRE Group by 0.7% during the first quarter. Park Avenue Securities LLC now owns 29,404 shares of the financial services provider’s stock valued at $2,859,000 after purchasing an additional 194 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CBRE shares. UBS Group cut their price target on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. Morgan Stanley began coverage on shares of CBRE Group in a research report on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 target price for the company. Raymond James raised their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Jefferies Financial Group began coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective for the company. Finally, Keefe, Bruyette & Woods upped their price target on CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.29.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CAO Lindsey S. Caplan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the transaction, the chief accounting officer now owns 16,606 shares of the company’s stock, valued at approximately $1,824,501.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.54% of the company’s stock.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $2.01 during trading hours on Friday, hitting $110.38. 1,810,196 shares of the company’s stock were exchanged, compared to its average volume of 1,829,488. The company’s 50-day moving average price is $92.84 and its 200-day moving average price is $90.96. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $114.51. The stock has a market capitalization of $33.82 billion, a price-to-earnings ratio of 34.39 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The company had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. On average, sell-side analysts expect that CBRE Group, Inc. will post 4.84 earnings per share for the current fiscal year.

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.