CBRE Group, Inc. (NYSE:CBRE) Stock Position Reduced by National Pension Service

National Pension Service lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 478,833 shares of the financial services provider's stock after selling 54,866 shares during the quarter. National Pension Service owned about 0.16% of CBRE Group worth $62,866,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its holdings in CBRE Group by 5.4% in the 3rd quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock valued at $1,672,204,000 after acquiring an additional 692,697 shares during the last quarter. Geode Capital Management LLC increased its stake in CBRE Group by 0.7% in the third quarter. Geode Capital Management LLC now owns 7,658,495 shares of the financial services provider's stock valued at $950,270,000 after purchasing an additional 56,888 shares during the last quarter. Principal Financial Group Inc. lifted its position in CBRE Group by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock worth $998,039,000 after buying an additional 177,119 shares during the period. FMR LLC boosted its stake in CBRE Group by 85.6% in the 3rd quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock worth $944,435,000 after buying an additional 3,498,244 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in CBRE Group by 12.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,983,867 shares of the financial services provider's stock valued at $391,752,000 after buying an additional 338,298 shares during the period. Hedge funds and other institutional investors own 98.41% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CBRE. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Citigroup boosted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Evercore ISI cut their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Morgan Stanley lifted their target price on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and a consensus target price of $149.89.

CBRE Group Stock Down 1.0 %

Shares of CBRE traded down $1.38 during midday trading on Monday, reaching $140.56. 1,333,713 shares of the company were exchanged, compared to its average volume of 1,841,758. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The stock has a 50-day moving average price of $137.32 and a 200-day moving average price of $130.03. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a market cap of $42.17 billion, a price-to-earnings ratio of 44.76 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Research analysts expect that CBRE Group, Inc. will post 5.99 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.