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

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

A number of other institutional investors and hedge funds have also made changes to their positions in CBRE. Humankind Investments LLC increased its stake in shares of CBRE Group by 5.3% in 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 during the period. Tower Research Capital LLC TRC increased its position in CBRE Group by 0.4% in 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 during the period. HB Wealth Management LLC raised its stake in CBRE Group by 5.3% during the 1st quarter. HB Wealth Management LLC now owns 3,775 shares of the financial services provider’s stock valued at $367,000 after acquiring an additional 191 shares in the last quarter. Bleakley Financial Group LLC boosted its position in CBRE Group by 4.4% during the 1st 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 during the period. Finally, Park Avenue Securities LLC grew its stake in shares of CBRE Group by 0.7% in the first quarter. Park Avenue Securities LLC now owns 29,404 shares of the financial services provider’s stock worth $2,859,000 after purchasing an additional 194 shares in the last quarter. 98.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

CBRE Group Price Performance

CBRE Group stock traded down $2.01 during mid-day trading on Friday, hitting $110.38. The company’s stock had a trading volume of 1,810,196 shares, compared to its average volume of 1,829,488. The stock has a market capitalization of $33.82 billion, a P/E ratio of 34.39 and a beta of 1.40. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $114.51. The stock’s fifty day moving average price is $92.84 and its two-hundred day moving average price is $90.96. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Raymond James upped their price target on shares of CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 25th. Morgan Stanley initiated coverage on shares of CBRE Group in a research note on Thursday, July 25th. They set an “equal weight” rating and a $105.00 price objective on the stock. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $100.00 to $123.00 in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods increased their price target on CBRE Group from $110.00 to $120.00 and gave the company a “market perform” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.29.

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.