Kentucky Retirement Systems Increases Position in CBRE Group, Inc. (NYSE:CBRE)

Kentucky Retirement Systems boosted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,728 shares of the financial services provider’s stock after purchasing an additional 144 shares during the quarter. Kentucky Retirement Systems’ holdings in CBRE Group were worth $2,025,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Seven Eight Capital LP purchased a new position in shares of CBRE Group during the 2nd quarter valued at approximately $380,000. Hsbc Holdings PLC increased its stake in shares of CBRE Group by 1.4% during the second quarter. Hsbc Holdings PLC now owns 692,726 shares of the financial services provider’s stock worth $61,597,000 after purchasing an additional 9,338 shares in the last quarter. Elo Mutual Pension Insurance Co raised its position in shares of CBRE Group by 7.5% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 29,938 shares of the financial services provider’s stock worth $2,668,000 after purchasing an additional 2,089 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in CBRE Group by 16.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 33,128 shares of the financial services provider’s stock valued at $2,952,000 after buying an additional 4,659 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its stake in CBRE Group by 9.7% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,002 shares of the financial services provider’s stock valued at $446,000 after buying an additional 441 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $116,947.86. Following the completion of the sale, the chief operating officer now owns 69,226 shares of the company’s stock, valued at $7,538,019.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other CBRE Group news, COO Vikramaditya Kohli sold 1,074 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $116,947.86. Following the completion of the transaction, the chief operating officer now owns 69,226 shares of the company’s stock, valued at $7,538,019.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Lindsey S. Caplan sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $109.87, for a total transaction of $219,740.00. Following the completion of the sale, the chief accounting officer now directly owns 16,606 shares in the company, valued at $1,824,501.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,232 shares of company stock valued at $3,058,787. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. UBS Group reduced their target price on CBRE Group from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, July 3rd. Raymond James raised their price objective on CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods upped their target price on shares of CBRE Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Evercore ISI raised shares of CBRE Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $100.00 to $123.00 in a research note on Friday, July 26th. Finally, Wolfe Research raised shares of CBRE Group to a “strong-buy” rating in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Moderate Buy” and an average target price of $112.33.

CBRE Group Stock Down 0.7 %

NYSE CBRE opened at $121.60 on Friday. The business’s fifty day simple moving average is $111.03 and its 200-day simple moving average is $97.27. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36. The firm has a market cap of $37.31 billion, a PE ratio of 37.88 and a beta of 1.40. CBRE Group, Inc. has a 52 week low of $64.63 and a 52 week high of $122.59.

CBRE Group (NYSE:CBRE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The company had revenue of $8.39 billion for the quarter, compared to the consensus estimate of $8.31 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. CBRE Group’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that CBRE Group, Inc. will post 4.81 earnings per share for the current year.

CBRE Group 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.