National Pension Service Has $66.44 Million Position in CBRE Group, Inc. (NYSE:CBRE)

National Pension Service grew its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 533,699 shares of the financial services provider's stock after buying an additional 38,186 shares during the period. National Pension Service owned approximately 0.17% of CBRE Group worth $66,435,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CBRE Group by 2.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 89,355 shares of the financial services provider's stock valued at $8,689,000 after buying an additional 1,869 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of CBRE Group during the 1st quarter worth $336,000. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of CBRE Group by 75.0% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 15,102 shares of the financial services provider's stock worth $1,469,000 after purchasing an additional 6,471 shares during the period. Duality Advisers LP raised its stake in CBRE Group by 226.0% in the first quarter. Duality Advisers LP now owns 10,001 shares of the financial services provider's stock valued at $972,000 after purchasing an additional 6,933 shares in the last quarter. Finally, Empirical Finance LLC lifted its position in CBRE Group by 3.2% during the first quarter. Empirical Finance LLC now owns 11,502 shares of the financial services provider's stock worth $1,118,000 after purchasing an additional 362 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Price Performance

Shares of CBRE traded down $5.32 during trading hours on Wednesday, reaching $129.40. The stock had a trading volume of 2,593,263 shares, compared to its average volume of 1,659,052. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. CBRE Group, Inc. has a 12 month low of $71.96 and a 12 month high of $136.92. The stock has a market capitalization of $39.60 billion, a PE ratio of 41.61 and a beta of 1.39. The company's 50-day moving average is $122.61 and its two-hundred day moving average is $104.75.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. Research analysts expect that CBRE Group, Inc. will post 5.03 EPS for the current year.

Insider Activity at CBRE Group

In other CBRE Group news, CEO Daniel G. Queenan sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now directly owns 217,094 shares of the company's stock, valued at $24,894,168.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Christopher T. Jenny sold 10,847 shares of CBRE Group stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $112.00, for a total value of $1,214,864.00. Following the transaction, the director now directly owns 51,244 shares of the company's stock, valued at $5,739,328. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now directly owns 217,094 shares of the company's stock, valued at $24,894,168.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,232 shares of company stock worth $2,839,047 in the last quarter. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

CBRE has been the topic of several recent analyst reports. Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Evercore ISI lifted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the company an "outperform" rating in a research note on Friday, October 4th. Raymond James upped their target price on CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 25th. Morgan Stanley began coverage on CBRE Group in a report on Thursday, July 25th. They issued an "equal weight" rating and a $105.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on CBRE Group from $125.00 to $138.00 and gave the stock a "market perform" rating in a report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $116.83.

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.