National Pension Service Purchases 22,126 Shares of CBRE Group, Inc. (NYSE:CBRE)

Key Points

• The National Pension Service increased its holdings in CBRE Group, Inc. by 4.6%, acquiring an additional 22,126 shares during the first quarter, resulting in total ownership of approximately 500,959 shares valued at $65.5 million.
• In the last quarter, multiple institutional investors, such as Brighton Jones LLC and Raymond James Financial Inc., have significantly increased their positions in CBRE Group, contributing to institutional ownership of 98.41% of the company's stock.
• CBRE Group reported a quarterly earnings per share of $1.19, exceeding analysts' expectations and indicating strong revenue performance with $9.75 billion for the quarter.

National Pension Service grew its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,959 shares of the financial services provider's stock after acquiring an additional 22,126 shares during the quarter. National Pension Service owned about 0.17% of CBRE Group worth $65,515,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CBRE. Brighton Jones LLC increased its holdings in shares of CBRE Group by 322.9% during the fourth quarter. Brighton Jones LLC now owns 14,492 shares of the financial services provider's stock valued at $1,903,000 after acquiring an additional 11,065 shares in the last quarter. Raymond James Financial Inc. bought a new stake in CBRE Group during the fourth quarter worth $36,643,000. Rockefeller Capital Management L.P. grew its holdings in CBRE Group by 7.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 21,640 shares of the financial services provider's stock worth $2,834,000 after buying an additional 1,559 shares in the last quarter. Townsquare Capital LLC grew its holdings in CBRE Group by 43.2% during the fourth quarter. Townsquare Capital LLC now owns 8,012 shares of the financial services provider's stock worth $1,052,000 after buying an additional 2,417 shares in the last quarter. Finally, Mariner LLC grew its holdings in CBRE Group by 19.1% during the fourth quarter. Mariner LLC now owns 58,770 shares of the financial services provider's stock worth $7,716,000 after buying an additional 9,438 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Insider Activity

In other news, CAO Lindsey S. Caplan sold 1,935 shares of the company's stock in a transaction on 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 of the company's stock, valued at $2,818,340. This represents a 8.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 1,972 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the transaction, the chief financial officer directly owned 105,371 shares in the company, valued at $13,603,396.10. This represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,898 shares of company stock valued at $1,277,458 in the last 90 days. Insiders own 0.42% of the company's stock.

CBRE Group Stock Down 0.6%

CBRE stock opened at $158.68 on Friday. The stock's fifty day simple moving average is $143.16 and its two-hundred day simple moving average is $134.32. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group, Inc. has a 1-year low of $108.45 and a 1-year high of $161.03. The stock has a market cap of $47.22 billion, a P/E ratio of 44.45 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. The business had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.50 billion. Analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. UBS Group upped their price target on CBRE Group from $130.00 to $146.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Evercore ISI upped their price target on CBRE Group from $147.00 to $164.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Raymond James Financial upped their price target on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a report on Thursday, June 12th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $158.00.

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.

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