Oregon Public Employees Retirement Fund Increases Stock Position in CBRE Group, Inc. (NYSE:CBRE)

Oregon Public Employees Retirement Fund lifted its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,274 shares of the financial services provider’s stock after acquiring an additional 1,456 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in CBRE Group were worth $16,002,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Baillie Gifford & Co. lifted its holdings in CBRE Group by 92.2% in the 4th quarter. Baillie Gifford & Co. now owns 11,141,718 shares of the financial services provider’s stock valued at $698,808,000 after purchasing an additional 5,345,602 shares in the last quarter. Norges Bank purchased a new stake in shares of CBRE Group in the fourth quarter valued at approximately $238,792,000. FMR LLC boosted its holdings in CBRE Group by 10.6% during the fourth quarter. FMR LLC now owns 14,169,183 shares of the financial services provider’s stock worth $888,691,000 after buying an additional 1,355,280 shares in the last quarter. Cibc World Markets Corp boosted its stake in shares of CBRE Group by 1,500.1% during the 4th quarter. Cibc World Markets Corp now owns 646,169 shares of the financial services provider’s stock worth $40,528,000 after acquiring an additional 605,786 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of CBRE Group by 72.7% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,366,972 shares of the financial services provider’s stock worth $85,735,000 after buying an additional 575,564 shares during the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Several equities research analysts have recently issued reports on CBRE shares. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Thursday, February 25th. Raymond James boosted their price objective on CBRE Group from $59.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, January 22nd. Finally, The Goldman Sachs Group started coverage on shares of CBRE Group in a report on Monday, January 25th. They set a “buy” rating and a $74.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $61.57.

Shares of CBRE Group stock opened at $81.61 on Friday. CBRE Group, Inc. has a 52 week low of $33.03 and a 52 week high of $82.83. The stock has a market capitalization of $27.45 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.77 and a beta of 1.57. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a fifty day moving average of $78.90 and a two-hundred day moving average of $65.54.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Monday, February 22nd. The financial services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.51. The firm had revenue of $6.91 billion for the quarter, compared to analyst estimates of $6.33 billion. CBRE Group had a net margin of 4.48% and a return on equity of 16.83%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 earnings per share. As a group, research analysts forecast that CBRE Group, Inc. will post 2.77 EPS for the current fiscal year.

In related news, CEO Robert E. Sulentic sold 30,000 shares of the stock in a transaction on Monday, March 15th. The stock was sold at an average price of $79.33, for a total value of $2,379,900.00. Following the sale, the chief executive officer now owns 864,947 shares in the company, valued at $68,616,245.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Chandra Dhandapani sold 7,773 shares of the business’s stock in a transaction dated Tuesday, March 2nd. The stock was sold at an average price of $77.59, for a total value of $603,107.07. Following the transaction, the insider now owns 84,584 shares of the company’s stock, valued at $6,562,872.56. The disclosure for this sale can be found here. Insiders have sold a total of 38,068 shares of company stock worth $3,005,639 over the last quarter. Company insiders own 0.80% of the company’s stock.

CBRE Group Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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