Public Employees Retirement System of Ohio Has $17.18 Million Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Public Employees Retirement System of Ohio trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 6.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,004 shares of the financial services provider's stock after selling 10,231 shares during the period. Public Employees Retirement System of Ohio's holdings in CBRE Group were worth $17,179,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Canton Hathaway LLC bought a new stake in CBRE Group in the third quarter worth about $27,000. American National Bank & Trust acquired a new stake in CBRE Group during the third quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. boosted its holdings in CBRE Group by 190.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 328 shares of the financial services provider's stock worth $29,000 after buying an additional 215 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in CBRE Group in the third quarter worth approximately $32,000. Finally, Wolff Wiese Magana LLC increased its holdings in shares of CBRE Group by 2,830.0% in the third quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock valued at $36,000 after buying an additional 283 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CBRE shares. Citigroup lifted their target price on CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Evercore ISI upped 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. The Goldman Sachs Group began coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a "buy" rating and a $176.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.63.

Insider Activity at CBRE Group

In related news, CFO Emma E. Giamartino sold 1,815 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $131.34, for a total value of $238,382.10. Following the completion of the sale, the chief financial officer now directly owns 70,154 shares in the company, valued at approximately $9,214,026.36. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by company insiders.

CBRE Group Stock Up 1.3 %

CBRE Group stock traded up $1.79 during trading hours on Wednesday, hitting $137.67. The company had a trading volume of 2,307,373 shares, compared to its average volume of 1,686,807. The firm's fifty day moving average is $130.77 and its 200-day moving average is $112.93. The firm has a market capitalization of $42.13 billion, a P/E ratio of 44.35 and a beta of 1.39. CBRE Group, Inc. has a fifty-two week low of $81.62 and a fifty-two week high of $142.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.14. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business had revenue of $9.04 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the business posted $0.72 earnings per share. CBRE Group's revenue for the quarter was up 14.8% compared to the same quarter last year. On average, research analysts forecast that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

CBRE Group 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.