Public Employees Retirement System of Ohio Cuts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Public Employees Retirement System of Ohio reduced its position in CBRE Group, Inc. (NYSE:CBRE) by 9.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,789 shares of the financial services provider’s stock after selling 15,937 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of CBRE Group worth $14,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBRE. Crewe Advisors LLC purchased a new position in shares of CBRE Group in the 1st quarter worth about $30,000. Turtle Creek Wealth Advisors LLC purchased a new stake in CBRE Group during the 4th quarter valued at about $45,000. EdgeRock Capital LLC purchased a new stake in CBRE Group during the 4th quarter valued at about $59,000. Spartan Planning & Wealth Management purchased a new stake in CBRE Group during the 4th quarter valued at about $78,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in CBRE Group by 75.9% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 897 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 387 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CBRE Group

In related news, CAO Lindsey S. Caplan sold 2,000 shares of the firm’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 transaction 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 filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

CBRE Group Stock Up 0.5 %

Shares of NYSE:CBRE traded up $0.53 during trading on Tuesday, hitting $111.07. The stock had a trading volume of 113,484 shares, compared to its average volume of 1,671,450. CBRE Group, Inc. has a 12 month low of $64.63 and a 12 month high of $112.24. The company has a market capitalization of $34.04 billion, a PE ratio of 34.46 and a beta of 1.40. The firm’s fifty day moving average is $90.99 and its 200 day moving average is $90.25. 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 announced its earnings results on Thursday, July 25th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The firm had revenue of $8.39 billion during the quarter, compared to analyst estimates of $8.31 billion. During the same quarter in the prior year, the company earned $0.82 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. Analysts anticipate that CBRE Group, Inc. will post 4.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on CBRE. Morgan Stanley began coverage on CBRE Group in a report on Thursday, July 25th. They set an “equal weight” rating and a $105.00 target price for the company. UBS Group dropped their price objective on 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 increased their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 25th. Jefferies Financial Group began coverage on 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 increased their price objective on CBRE Group from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $108.86.

About CBRE Group

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.