CBRE Group, Inc. (NYSE:CBRE) Position Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 521,804 shares of the financial services provider's stock after selling 13,386 shares during the period. New York State Common Retirement Fund owned about 0.18% of CBRE Group worth $68,242,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CBRE. Investment Management Corp VA ADV bought a new stake in CBRE Group during the fourth quarter worth approximately $28,000. Golden State Wealth Management LLC boosted its stake in CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock worth $32,000 after purchasing an additional 213 shares during the period. Colonial Trust Co SC boosted its stake in CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock worth $36,000 after purchasing an additional 180 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after purchasing an additional 266 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in CBRE Group in the 1st quarter worth approximately $47,000. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Down 0.5%

CBRE Group stock opened at $140.44 on Monday. The company has a market capitalization of $41.87 billion, a P/E ratio of 42.95 and a beta of 1.30. The firm's fifty day simple moving average is $131.77 and its 200-day simple moving average is $131.51. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. CBRE Group, Inc. has a 1-year low of $94.65 and a 1-year high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share 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 the consensus estimate 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 for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. Sell-side analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the transaction, the chief financial officer owned 105,371 shares in the company, valued at approximately $13,603,396.10. The trade was a 1.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Lindsey S. Caplan sold 1,935 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.00, for a total transaction of $270,900.00. Following the transaction, the chief accounting officer owned 20,131 shares in the company, valued at approximately $2,818,340. The trade was a 8.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,031 shares of company stock worth $814,080 in the last quarter. 0.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CBRE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price objective (up previously from $160.00) on shares of CBRE Group in a research note on Thursday, June 12th. Evercore ISI raised their price objective on shares of CBRE Group from $143.00 to $147.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price objective on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $152.78.

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.

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