California Public Employees Retirement System Has $51.80 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

California Public Employees Retirement System cut its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 556,404 shares of the financial services provider’s stock after selling 21,879 shares during the period. California Public Employees Retirement System’s holdings in CBRE Group were worth $51,796,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CBRE. Cary Street Partners Investment Advisory LLC grew its stake in shares of CBRE Group by 190.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 326 shares during the period. Headinvest LLC bought a new position in CBRE Group during the third quarter worth about $44,000. Turtle Creek Wealth Advisors LLC bought a new position in CBRE Group during the fourth quarter worth about $45,000. Bruce G. Allen Investments LLC bought a new position in CBRE Group during the fourth quarter worth about $48,000. Finally, Planned Solutions Inc. bought a new position in CBRE Group during the fourth quarter worth about $52,000. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Performance

CBRE opened at $87.01 on Friday. The business has a fifty day simple moving average of $92.25 and a 200 day simple moving average of $85.20. The company has a market capitalization of $26.71 billion, a PE ratio of 27.45 and a beta of 1.42. CBRE Group, Inc. has a 1 year low of $64.63 and a 1 year high of $98.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17.

CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.17. The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 EPS. Research analysts expect that CBRE Group, Inc. will post 4.45 EPS for the current year.

Insider Activity

In other news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the sale, the chief executive officer now owns 207,856 shares of the company’s stock, valued at $19,164,323.20. The disclosure for this sale can be found here. In the last three months, insiders sold 39,592 shares of company stock worth $3,675,752. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CBRE. StockNews.com upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday. Jefferies Financial Group began coverage on CBRE Group in a report on Wednesday, April 10th. They set a “hold” rating and a $107.00 target price on the stock. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $96.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Finally, Raymond James boosted their price target on CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CBRE Group currently has an average rating of “Moderate Buy” and a consensus price target of $99.50.

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.