New York State Common Retirement Fund Has $70.27 Million Position in CBRE Group, Inc. (NYSE:CBRE)

New York State Common Retirement Fund increased its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 535,190 shares of the financial services provider's stock after acquiring an additional 39,604 shares during the period. New York State Common Retirement Fund owned about 0.17% of CBRE Group worth $70,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FMR LLC grew its holdings in CBRE Group by 85.6% during the third quarter. FMR LLC now owns 7,587,042 shares of the financial services provider's stock valued at $944,435,000 after purchasing an additional 3,498,244 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in CBRE Group during the fourth quarter valued at approximately $175,978,000. Robeco Institutional Asset Management B.V. grew its holdings in CBRE Group by 60.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,645,569 shares of the financial services provider's stock valued at $329,320,000 after purchasing an additional 993,963 shares during the last quarter. State Street Corp grew its holdings in CBRE Group by 5.4% during the third quarter. State Street Corp now owns 13,433,513 shares of the financial services provider's stock valued at $1,672,204,000 after purchasing an additional 692,697 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in CBRE Group by 88.6% during the fourth quarter. Jennison Associates LLC now owns 716,086 shares of the financial services provider's stock valued at $94,015,000 after purchasing an additional 336,359 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CBRE has been the topic of several analyst reports. Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $155.00 to $152.00 in a report on Friday, January 24th. Citigroup increased their price objective on CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. The Goldman Sachs Group assumed coverage on CBRE Group in a research report on Friday, December 6th. They issued a "buy" rating and a $176.00 price objective for the company. JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $120.00 to $163.00 in a research report on Monday, December 16th. Finally, Morgan Stanley increased their price objective on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $149.89.

CBRE Group Stock Performance

CBRE stock traded down $5.95 during midday trading on Friday, hitting $135.72. The stock had a trading volume of 1,481,086 shares, compared to its average volume of 1,785,516. The firm has a market capitalization of $40.72 billion, a price-to-earnings ratio of 43.22 and a beta of 1.39. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75. The stock has a 50-day simple moving average of $136.50 and a 200 day simple moving average of $128.66. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate 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.