Public Sector Pension Investment Board Has $6.54 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Public Sector Pension Investment Board increased its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 26.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,534 shares of the financial services provider's stock after purchasing an additional 10,825 shares during the period. Public Sector Pension Investment Board's holdings in CBRE Group were worth $6,539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CBRE. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CBRE Group by 3.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,806 shares of the financial services provider's stock valued at $12,050,000 after purchasing an additional 3,281 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of CBRE Group by 41.1% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 40,917 shares of the financial services provider's stock worth $5,093,000 after buying an additional 11,917 shares during the period. Glenmede Trust Co. NA boosted its position in shares of CBRE Group by 4.4% during the third quarter. Glenmede Trust Co. NA now owns 134,442 shares of the financial services provider's stock worth $16,735,000 after buying an additional 5,657 shares during the period. Freedom Investment Management Inc. bought a new position in CBRE Group in the 3rd quarter worth approximately $208,000. Finally, Townsquare Capital LLC increased its position in CBRE Group by 70.9% in the 3rd quarter. Townsquare Capital LLC now owns 5,595 shares of the financial services provider's stock valued at $696,000 after acquiring an additional 2,322 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Evercore ISI boosted their price target on CBRE Group from $123.00 to $132.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Wolfe Research raised shares of CBRE Group to a "strong-buy" rating in a report on Friday, August 16th. Keefe, Bruyette & Woods raised their target price 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, October 29th. Finally, Citigroup upped their price target on shares of CBRE Group from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and a consensus target price of $123.00.

Insider Transactions at CBRE Group

In other news, CEO Daniel G. Queenan sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now owns 217,094 shares in the company, valued at $24,894,168.98. The trade was a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 1,815 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $131.34, for a total transaction of $238,382.10. Following the completion of the sale, the chief financial officer now owns 70,154 shares of the company's stock, valued at approximately $9,214,026.36. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

CBRE Group Price Performance

NYSE CBRE traded down $0.72 on Friday, reaching $139.99. The company's stock had a trading volume of 1,344,161 shares, compared to its average volume of 1,874,026. CBRE Group, Inc. has a twelve month low of $78.18 and a twelve month high of $142.00. 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 firm's 50 day moving average is $128.80 and its two-hundred day moving average is $110.46. The stock has a market cap of $42.84 billion, a PE ratio of 45.01 and a beta of 1.39.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results 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 business had revenue of $9.04 billion during the quarter, compared to analyst estimates of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. The business's quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. As a group, sell-side analysts predict that CBRE Group, Inc. will post 4.99 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.