New York State Common Retirement Fund Sells 56,960 Shares of CBRE Group, Inc. (NYSE:CBRE)

New York State Common Retirement Fund reduced its position in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 10.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 495,586 shares of the financial services provider's stock after selling 56,960 shares during the period. New York State Common Retirement Fund owned approximately 0.16% of CBRE Group worth $61,691,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CBRE. Cetera Investment Advisers raised its stake in CBRE Group by 500.1% in the first quarter. Cetera Investment Advisers now owns 27,947 shares of the financial services provider's stock valued at $2,718,000 after purchasing an additional 23,290 shares in the last quarter. Natixis lifted its holdings in shares of CBRE Group by 69.0% during the 1st quarter. Natixis now owns 55,018 shares of the financial services provider's stock worth $5,350,000 after acquiring an additional 22,464 shares during the last quarter. Quantbot Technologies LP purchased a new position in CBRE Group in the first quarter worth $1,118,000. Nordea Investment Management AB increased 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 valued at $38,550,000 after acquiring an additional 372,870 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in CBRE Group by 14.1% during the first quarter. BNP Paribas Financial Markets now owns 486,795 shares of the financial services provider's stock valued at $47,336,000 after purchasing an additional 60,050 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

Insider Activity at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 3,311 shares of the firm's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the sale, the chief financial officer now directly owns 71,969 shares in the company, valued at $7,836,704.41. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other CBRE Group news, CFO Emma E. Giamartino sold 3,311 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $360,534.79. Following the completion of the transaction, the chief financial officer now owns 71,969 shares in the company, valued at approximately $7,836,704.41. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher T. Jenny sold 10,847 shares of the firm's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total value of $1,214,864.00. Following the transaction, the director now directly owns 51,244 shares of the company's stock, valued at $5,739,328. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,232 shares of company stock worth $2,839,047 over the last 90 days. 0.54% of the stock is owned by company insiders.

CBRE Group Trading Down 0.6 %

NYSE:CBRE traded down $0.79 during midday trading on Friday, reaching $130.18. 1,186,241 shares of the stock traded hands, compared to its average volume of 1,660,558. The stock has a market capitalization of $39.84 billion, a P/E ratio of 41.86 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The company has a fifty day moving average of $121.64 and a 200 day moving average of $103.77. CBRE Group, Inc. has a 12 month low of $71.09 and a 12 month high of $136.06.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The company's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. On average, research analysts predict that CBRE Group, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wolfe Research upgraded CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Morgan Stanley began coverage on shares of CBRE Group in a research report on Thursday, July 25th. They set an "equal weight" rating and a $105.00 price target on the stock. Evercore ISI boosted their price objective on shares of CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. Keefe, Bruyette & Woods upped their price objective on shares of CBRE Group from $125.00 to $138.00 and gave the company a "market perform" rating in a research note on Tuesday. Finally, Raymond James lifted their target price on shares of CBRE Group from $122.00 to $124.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $116.83.

About CBRE Group

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.