Board of the Pension Protection Fund Invests $981,000 in CBRE Group, Inc. (NYSE:CBRE)

Board of the Pension Protection Fund purchased a new stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,500 shares of the financial services provider's stock, valued at approximately $981,000. CBRE Group accounts for about 1.1% of Board of the Pension Protection Fund's holdings, making the stock its 18th largest position.

Several other hedge funds have also recently bought and sold shares of CBRE. SBI Securities Co. Ltd. acquired a new stake in shares of CBRE Group during the 4th quarter valued at $25,000. Investment Management Corp VA ADV purchased a new stake in shares of CBRE Group during the fourth quarter worth $28,000. Golden State Wealth Management LLC boosted its position in CBRE Group by 687.1% during the first quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 213 shares during the last quarter. Colonial Trust Co SC grew its stake in CBRE Group by 183.7% in the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 180 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in CBRE Group by 1,400.0% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Chad J. Doellinger sold 494 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the completion of the sale, the insider now owns 27,945 shares in the company, valued at $3,522,467.25. This represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Emma E. Giamartino sold 1,972 shares of CBRE Group stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.10, for a total value of $254,585.20. Following the completion of the transaction, the chief financial officer now directly owns 105,371 shares in the company, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,031 shares of company stock valued at $814,080. 0.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Keefe, Bruyette & Woods lifted their target price on shares of CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research note on Wednesday, April 30th. Morgan Stanley reissued an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Finally, UBS Group cut their price target on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $150.33.

CBRE Group Stock Performance

CBRE stock traded up $1.32 during midday trading on Friday, hitting $139.41. 2,667,164 shares of the company traded hands, compared to its average volume of 1,812,958. CBRE Group, Inc. has a twelve month low of $85.74 and a twelve month high of $147.75. The stock has a market capitalization of $41.56 billion, a price-to-earnings ratio of 42.63 and a beta of 1.29. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The business has a 50 day simple moving average of $127.36 and a 200-day simple moving average of $130.95.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.05. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a net margin of 2.74% and a return on equity of 17.37%. CBRE Group's revenue was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS. As a group, equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

CBRE Group 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.