CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its position in CBRE Group, Inc. (NYSE:CBRE) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,699 shares of the financial services provider’s stock after selling 285 shares during the period. Kentucky Retirement Systems’ holdings in CBRE Group were worth $2,718,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Canton Hathaway LLC acquired a new stake in shares of CBRE Group in the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group in the 3rd quarter worth about $32,000. Catalyst Capital Advisors LLC increased its stake in CBRE Group by 190.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the financial services provider’s stock valued at $48,000 after buying an additional 238 shares during the period. CENTRAL TRUST Co increased its stake in CBRE Group by 165.9% during the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after buying an additional 302 shares during the period. Finally, Versant Capital Management Inc increased its stake in CBRE Group by 3,969.2% during the 4th quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock valued at $69,000 after buying an additional 516 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analyst Ratings Changes

CBRE has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Morgan Stanley raised their target price on shares of CBRE Group from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup raised their target price on shares of CBRE Group from $130.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research note on Friday, December 6th. They set a “buy” rating and a $176.00 target price on the stock. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $149.89.

CBRE Group Stock Performance

NYSE:CBRE opened at $135.72 on Friday. CBRE Group, Inc. has a twelve month low of $84.24 and a twelve month high of $147.75. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $136.50 and a 200-day moving average of $128.66. The firm has a market cap of $40.72 billion, a price-to-earnings ratio of 43.22 and a beta of 1.39.

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

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.