National Pension Service Sells 54,866 Shares of CBRE Group, Inc. (NYSE:CBRE)

National Pension Service decreased its holdings in CBRE Group, Inc. (NYSE:CBRE) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 478,833 shares of the financial services provider’s stock after selling 54,866 shares during the quarter. National Pension Service owned approximately 0.16% of CBRE Group worth $62,866,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CBRE. Private Advisor Group LLC raised its position in shares of CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after acquiring an additional 90 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of CBRE Group by 2.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,055 shares of the financial services provider’s stock worth $2,123,000 after acquiring an additional 334 shares during the last quarter. Integrated Advisors Network LLC bought a new stake in shares of CBRE Group during the third quarter worth $258,000. Fidelis Capital Partners LLC raised its position in shares of CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 82 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in shares of CBRE Group by 8.6% during the third quarter. First Trust Direct Indexing L.P. now owns 10,729 shares of the financial services provider’s stock worth $1,335,000 after acquiring an additional 847 shares during the last quarter. Institutional investors own 98.41% of the company’s stock.

CBRE Group Stock Down 0.7 %

NYSE:CBRE opened at $139.65 on Friday. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year 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 stock has a market cap of $41.90 billion, a price-to-earnings ratio of 44.48 and a beta of 1.39. The stock has a 50-day moving average price of $137.07 and a two-hundred day moving average price of $129.53.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. As a group, equities analysts expect that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CBRE shares. Evercore ISI dropped their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. raised CBRE Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group initiated coverage on CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.