CBRE Group, Inc. (NYSE:CBRE) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 132.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 656,429 shares of the financial services provider's stock after purchasing an additional 373,577 shares during the quarter. Teacher Retirement System of Texas owned about 0.21% of CBRE Group worth $86,183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its position in CBRE Group by 3.9% during the third quarter. Principal Financial Group Inc. now owns 7,424,671 shares of the financial services provider's stock worth $924,223,000 after purchasing an additional 277,922 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of CBRE Group by 5.4% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,521 shares of the financial services provider's stock worth $438,000 after buying an additional 181 shares during the last quarter. Empowered Funds LLC raised its position in shares of CBRE Group by 10.3% during the 3rd quarter. Empowered Funds LLC now owns 4,774 shares of the financial services provider's stock valued at $594,000 after buying an additional 446 shares during the period. Mutual of America Capital Management LLC lifted its holdings in CBRE Group by 19.4% in the third quarter. Mutual of America Capital Management LLC now owns 45,431 shares of the financial services provider's stock valued at $5,655,000 after acquiring an additional 7,394 shares during the last quarter. Finally, Pathstone Holdings LLC grew its position in CBRE Group by 6.1% in the third quarter. Pathstone Holdings LLC now owns 40,256 shares of the financial services provider's stock worth $5,011,000 after acquiring an additional 2,329 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities research analysts have commented on CBRE shares. Keefe, Bruyette & Woods lifted their target price on CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research report on Friday, February 14th. Evercore ISI cut their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Morgan Stanley lifted their price objective on CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Jefferies Financial Group raised CBRE Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, Raymond James downgraded CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their target price for the company from $155.00 to $152.00 in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CBRE Group presently has an average rating of "Moderate Buy" and an average price target of $149.89.

CBRE Group Stock Up 3.3 %

Shares of CBRE traded up $4.26 during midday trading on Monday, hitting $134.04. The company had a trading volume of 1,269,017 shares, compared to its average volume of 1,669,604. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The firm has a market capitalization of $40.22 billion, a P/E ratio of 42.69 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07. The company's 50-day simple moving average is $137.34 and its 200-day simple moving average is $131.76.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.71% and a return on equity of 16.96%. As a group, sell-side analysts expect that CBRE Group, Inc. will post 5.99 EPS for the current year.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the sale, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. The trade was a 1.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The shares were 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 disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

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.