New York State Teachers Retirement System Decreases Holdings in CBRE Group, Inc. (NYSE:CBRE)

New York State Teachers Retirement System decreased its stake in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 322,991 shares of the financial services provider's stock after selling 8,668 shares during the period. New York State Teachers Retirement System owned about 0.11% of CBRE Group worth $42,405,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CBRE. Exchange Traded Concepts LLC increased its position in shares of CBRE Group by 680.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 624 shares of the financial services provider's stock valued at $78,000 after purchasing an additional 544 shares during the period. Creative Planning grew its stake in CBRE Group by 5.9% during the 3rd quarter. Creative Planning now owns 37,804 shares of the financial services provider's stock valued at $4,706,000 after acquiring an additional 2,092 shares in the last quarter. Asset Dedication LLC purchased a new stake in CBRE Group in the 3rd quarter worth approximately $40,000. Wolff Wiese Magana LLC increased its position in CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider's stock worth $36,000 after purchasing an additional 283 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its stake in shares of CBRE Group by 6.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 4,845 shares of the financial services provider's stock worth $603,000 after purchasing an additional 314 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CBRE. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a "buy" rating and a $176.00 price target on the stock. Evercore ISI decreased their price target on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $142.00 to $145.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group upgraded shares of CBRE Group from a "hold" rating to a "buy" rating and lifted their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $149.89.

CBRE Group Stock Down 0.1 %

Shares of NYSE CBRE traded down $0.18 during midday trading on Wednesday, hitting $143.62. 1,470,407 shares of the stock traded hands, compared to its average volume of 1,858,721. The company has a market cap of $43.95 billion, a PE ratio of 45.74 and a beta of 1.39. CBRE Group, Inc. has a one year low of $84.24 and a one year high of $147.75. The business has a 50 day moving average price of $136.37 and a two-hundred day moving average price of $128.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. On average, equities analysts predict that CBRE Group, Inc. will post 6 EPS 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.