New York State Common Retirement Fund Buys 39,604 Shares of CBRE Group, Inc. (NYSE:CBRE)

New York State Common Retirement Fund increased its stake in CBRE Group, Inc. (NYSE:CBRE) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 535,190 shares of the financial services provider’s stock after buying an additional 39,604 shares during the period. New York State Common Retirement Fund owned 0.17% of CBRE Group worth $70,265,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CBRE. FMR LLC raised its stake in 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 buying an additional 3,498,244 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in CBRE Group in the fourth quarter worth about $175,978,000. Robeco Institutional Asset Management B.V. increased its stake in shares of CBRE Group by 60.2% during 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 in the last quarter. State Street Corp increased its stake in shares of CBRE Group by 5.4% during 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 in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of CBRE Group by 88.6% during 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 in the last quarter. 98.41% of the stock is owned by institutional investors.

CBRE Group Trading Down 0.1 %

Shares of CBRE stock opened at $143.62 on Thursday. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $136.37 and its 200 day moving average is $128.26. The stock has a market capitalization of $43.95 billion, a P/E ratio of 45.74 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. Research analysts expect that CBRE Group, Inc. will post 6 earnings per share for the current year.

Analysts Set New Price Targets

CBRE has been the subject of a number of analyst reports. Morgan Stanley raised 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. Keefe, Bruyette & Woods raised their target price 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. 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. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and raised their target price for the company from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group began coverage on shares of CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price target on the stock. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.89.

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.