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

New York State Teachers Retirement System reduced its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,659 shares of the financial services provider's stock after selling 8,608 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of CBRE Group worth $41,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CBRE. Swedbank AB purchased a new stake in CBRE Group during the 1st quarter worth about $162,576,000. Eminence Capital LP increased its stake in shares of CBRE Group by 42.6% during the second quarter. Eminence Capital LP now owns 1,518,203 shares of the financial services provider's stock worth $135,287,000 after buying an additional 453,406 shares during the period. Maverick Capital Ltd. purchased a new stake in shares of CBRE Group during the second quarter worth approximately $36,820,000. Delta Global Management LP raised its holdings in CBRE Group by 266.2% in the first quarter. Delta Global Management LP now owns 543,780 shares of the financial services provider's stock valued at $52,877,000 after acquiring an additional 395,297 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in CBRE Group by 1,730.4% in the first quarter. Nordea Investment Management AB now owns 394,418 shares of the financial services provider's stock worth $38,550,000 after acquiring an additional 372,870 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Daniel G. Queenan sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the transaction, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Daniel G. Queenan sold 10,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the sale, the chief executive officer now owns 217,094 shares in the company, valued at approximately $24,894,168.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Vikramaditya Kohli sold 1,074 shares of the business's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the transaction, the chief operating officer now owns 69,226 shares in the company, valued at approximately $7,538,019.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,232 shares of company stock valued at $2,839,047. Insiders own 0.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CBRE. Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a research report on Friday, August 16th. UBS Group dropped their target price on CBRE Group from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Wednesday, July 3rd. Raymond James upped their price objective on CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 25th. Morgan Stanley began coverage on CBRE Group in a research report on Thursday, July 25th. They set an "equal weight" rating and a $105.00 target price on the stock. Finally, Evercore ISI boosted their target price on CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.83.

CBRE Group Stock Performance

Shares of CBRE traded down $1.05 during midday trading on Thursday, reaching $130.97. 1,776,844 shares of the stock were exchanged, compared to its average volume of 1,662,808. The company has a market capitalization of $40.08 billion, a price-to-earnings ratio of 42.45 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. CBRE Group, Inc. has a twelve month low of $67.81 and a twelve month high of $136.06. The business's 50-day moving average price is $121.02 and its 200 day moving average price is $103.15.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.14. The company had revenue of $9.04 billion during the quarter, compared to analysts' expectations of $8.80 billion. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The firm's revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, sell-side analysts expect that CBRE Group, Inc. will post 4.81 EPS for the current fiscal year.

CBRE Group Company 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.