New York State Common Retirement Fund Sells 14,324 Shares of CBRE Group, Inc. (NYSE:CBRE)

New York State Common Retirement Fund lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,089,118 shares of the financial services provider's stock after selling 14,324 shares during the quarter. New York State Common Retirement Fund owned approximately 0.36% of CBRE Group worth $101,386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC raised its stake in shares of CBRE Group by 190.6% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider's stock worth $37,000 after buying an additional 326 shares in the last quarter. Headinvest LLC purchased a new position in CBRE Group in the third quarter valued at about $44,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of CBRE Group during the 4th quarter worth about $45,000. Bruce G. Allen Investments LLC bought a new stake in shares of CBRE Group during the 4th quarter worth about $48,000. Finally, Planned Solutions Inc. bought a new stake in shares of CBRE Group during the 4th quarter worth about $52,000. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Price Performance

Shares of CBRE traded up $1.07 during mid-day trading on Tuesday, reaching $87.11. The company had a trading volume of 2,049,244 shares, compared to its average volume of 1,657,100. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.17 and a quick ratio of 1.17. The company's 50-day moving average is $92.36 and its 200-day moving average is $85.08. The company has a market capitalization of $26.74 billion, a P/E ratio of 27.61 and a beta of 1.42.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.17. The business had revenue of $8.95 billion during the quarter, compared to analysts' expectations of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. CBRE Group's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. On average, equities analysts anticipate that CBRE Group, Inc. will post 4.44 EPS for the current year.

Insider Buying and Selling

In related news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at approximately $19,164,323.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total value of $2,305,000.00. Following the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at approximately $19,164,323.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the transaction, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The disclosure for this sale can be found here. Insiders have sold a total of 39,592 shares of company stock worth $3,675,752 in the last three months. Insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

CBRE has been the subject of several recent analyst reports. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 13th. Raymond James increased their target price on CBRE Group from $95.00 to $103.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 25th. Jefferies Financial Group initiated coverage on CBRE Group in a research note on Wednesday, April 10th. They set a "hold" rating and a $107.00 target price for the company. TheStreet upgraded CBRE Group from a "c+" rating to a "b-" rating in a research note on Thursday, January 25th. Finally, Evercore ISI upped their price target on CBRE Group from $103.00 to $104.00 and gave the company an "in-line" rating in a report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $99.50.

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.