Illinois Municipal Retirement Fund Has $7.65 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Illinois Municipal Retirement Fund trimmed its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 8.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,528 shares of the financial services provider's stock after selling 5,576 shares during the quarter. Illinois Municipal Retirement Fund's holdings in CBRE Group were worth $7,654,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CBRE. Norges Bank bought a new position in shares of CBRE Group in the 4th quarter worth about $514,609,000. Artisan Partners Limited Partnership increased its stake in CBRE Group by 290.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after buying an additional 3,011,566 shares during the period. GAMMA Investing LLC increased its stake in CBRE Group by 20,889.0% during the 1st quarter. GAMMA Investing LLC now owns 1,291,453 shares of the financial services provider's stock valued at $168,896,000 after buying an additional 1,285,300 shares during the period. Massachusetts Financial Services Co. MA increased its stake in CBRE Group by 11,750.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock valued at $161,876,000 after buying an additional 1,222,558 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of CBRE Group by 8,046.9% in the 4th quarter. Bessemer Group Inc. now owns 1,140,315 shares of the financial services provider's stock worth $149,710,000 after purchasing an additional 1,126,318 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

CBRE Group Stock Performance

CBRE stock traded up $1.32 on Friday, reaching $139.41. 2,667,164 shares of the company were exchanged, compared to its average volume of 1,812,596. CBRE Group, Inc. has a 12 month low of $85.74 and a 12 month high of $147.75. The stock's fifty day moving average price is $127.80 and its 200 day moving average price is $130.93. The firm has a market capitalization of $41.56 billion, a PE ratio of 42.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm 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%. The business's revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. On average, research analysts anticipate that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Activity

In related news, CFO Emma E. Giamartino sold 1,972 shares of the company'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 now owns 105,371 shares in the company, valued at $13,603,396.10. This represents a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad J. Doellinger sold 494 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $126.05, for a total transaction of $62,268.70. Following the transaction, the insider now owns 27,945 shares in the company, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,031 shares of company stock worth $814,080. Corporate insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

CBRE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a report on Wednesday, April 30th. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. JPMorgan Chase & Co. decreased their price target on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. UBS Group cut their price objective on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $150.33.

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.