Public Employees Retirement System of Ohio Cuts Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Public Employees Retirement System of Ohio trimmed its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,672 shares of the financial services provider's stock after selling 14,332 shares during the quarter. Public Employees Retirement System of Ohio's holdings in CBRE Group were worth $16,237,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CBRE. SBI Securities Co. Ltd. purchased a new stake in CBRE Group during the fourth quarter valued at $25,000. Investment Management Corp VA ADV bought a new stake in shares of CBRE Group in the 4th quarter worth about $28,000. Denver PWM LLC purchased a new stake in shares of CBRE Group during the 4th quarter valued at about $29,000. Colonial Trust Co SC raised its position in CBRE Group by 183.7% during 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 during the period. Finally, Larson Financial Group LLC lifted its stake in shares of CBRE Group by 610.9% in the 4th quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 281 shares during the last quarter. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares in the company, valued at $3,629,517.85. This represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,396 shares of company stock worth $685,649 in the last ninety days. 0.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CBRE. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $129.00 to $131.00 and gave the company a "market perform" rating in a research report on Wednesday, April 30th. Wall Street Zen cut shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. UBS Group lowered their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. dropped their price target 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. Finally, Morgan Stanley reduced their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $149.22.

CBRE Group Trading Down 0.2%

CBRE stock traded down $0.21 during trading on Friday, hitting $124.46. The company had a trading volume of 592,419 shares, compared to its average volume of 1,827,699. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a 50 day simple moving average of $123.66 and a 200-day simple moving average of $131.50. The firm has a market capitalization of $37.10 billion, a P/E ratio of 39.61 and a beta of 1.30. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The business had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.73 billion. During the same period last year, the company posted $0.78 earnings per share. The company's quarterly revenue was up 12.3% compared to the same quarter last year. As a group, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

About CBRE Group

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.