State of Tennessee Department of Treasury Has $20.58 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

State of Tennessee Department of Treasury decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,725 shares of the financial services provider's stock after selling 6,803 shares during the period. State of Tennessee Department of Treasury owned about 0.05% of CBRE Group worth $20,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of CBRE Group during the fourth quarter valued at approximately $514,609,000. Artisan Partners Limited Partnership boosted its position in CBRE Group by 290.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock worth $531,736,000 after acquiring an additional 3,011,566 shares during the period. Alphinity Investment Management Pty Ltd bought a new position in shares of CBRE Group in the fourth quarter worth $190,695,000. Manning & Napier Advisors LLC bought a new position in shares of CBRE Group in the fourth quarter worth $175,978,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of CBRE Group by 11,750.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock valued at $161,876,000 after purchasing an additional 1,222,558 shares during the period. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Performance

Shares of NYSE:CBRE traded down $2.00 during trading on Friday, hitting $120.88. 1,715,604 shares of the stock were exchanged, compared to its average volume of 1,825,909. The company has a market capitalization of $36.25 billion, a price-to-earnings ratio of 38.50 and a beta of 1.26. 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, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75. The company's fifty day simple moving average is $127.65 and its 200-day simple moving average is $131.93.

CBRE Group (NYSE:CBRE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.05. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. The firm had revenue of $8.91 billion during the quarter, compared to analysts' expectations of $8.73 billion. Sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling

In other CBRE Group news, insider Chad J. Doellinger sold 797 shares of CBRE Group stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total value of $100,669.07. Following the completion of the transaction, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. The trade was a 2.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. This represents a 1.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group decreased their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their price objective on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. StockNews.com downgraded CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Jefferies Financial Group upgraded CBRE Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.00.

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.