Treasurer of the State of North Carolina Increases Position in CBRE Group, Inc. (NYSE:CBRE)

Treasurer of the State of North Carolina increased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,743 shares of the financial services provider's stock after buying an additional 4,267 shares during the period. Treasurer of the State of North Carolina owned about 0.06% of CBRE Group worth $23,205,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of CBRE Group by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 7,904,316 shares of the financial services provider's stock valued at $1,035,229,000 after acquiring an additional 245,821 shares in the last quarter. Principal Financial Group Inc. raised its position in CBRE Group by 2.4% during the fourth quarter. Principal Financial Group Inc. now owns 7,601,790 shares of the financial services provider's stock valued at $998,039,000 after buying an additional 177,119 shares during the period. Cantillon Capital Management LLC boosted its holdings in shares of CBRE Group by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 4,748,386 shares of the financial services provider's stock worth $623,416,000 after purchasing an additional 25,142 shares during the period. Franklin Resources Inc. increased its stake in shares of CBRE Group by 17.3% in the fourth quarter. Franklin Resources Inc. now owns 4,100,770 shares of the financial services provider's stock worth $538,390,000 after acquiring an additional 605,403 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in CBRE Group by 290.0% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

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CBRE Group Stock Performance

CBRE traded down $0.83 on Wednesday, hitting $117.85. The company's stock had a trading volume of 611,912 shares, compared to its average volume of 1,803,724. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The company's 50 day simple moving average is $131.49 and its 200-day simple moving average is $132.19. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The firm has a market cap of $35.34 billion, a P/E ratio of 37.53 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, topping the consensus estimate of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Analysts forecast that CBRE Group, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on CBRE. UBS Group dropped their price objective on CBRE Group from $146.00 to $130.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Evercore ISI lowered their target price on CBRE Group from $147.00 to $141.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Morgan Stanley upped their price objective on shares of CBRE Group from $160.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Raymond James lowered shares of CBRE Group from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group has an average rating of "Moderate Buy" and an average target price of $151.33.

Insider Buying and Selling

In related news, insider Chad J. Doellinger sold 797 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.31, for a total transaction of $100,669.07. Following the completion of the sale, the insider now owns 28,735 shares in the company, valued at approximately $3,629,517.85. This trade represents a 2.70 % decrease in their ownership of the stock. The transaction 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 the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.69, for a total value of $251,380.00. Following the transaction, the chief financial officer now 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. 0.54% of the stock is currently owned by company insiders.

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.