Louisiana State Employees Retirement System Sells 800 Shares of CBRE Group, Inc. (NYSE:CBRE)

Louisiana State Employees Retirement System reduced its stake in CBRE Group, Inc. (NYSE:CBRE) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,200 shares of the financial services provider’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in CBRE Group were worth $2,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CBRE. Canton Hathaway LLC bought a new stake in shares of CBRE Group in the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of CBRE Group in the 3rd quarter worth about $32,000. Wolff Wiese Magana LLC increased its holdings in shares of CBRE Group by 2,830.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after buying an additional 283 shares during the last quarter. Asset Dedication LLC bought a new stake in shares of CBRE Group in the 3rd quarter worth about $40,000. Finally, CENTRAL TRUST Co increased its holdings in shares of CBRE Group by 165.9% in the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after buying an additional 302 shares during the last quarter. 98.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price on the stock. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday. Jefferies Financial Group raised shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Evercore ISI dropped their price target on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Three 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $149.33.

CBRE Group Price Performance

CBRE Group stock opened at $143.89 on Friday. The stock has a market cap of $44.03 billion, a price-to-earnings ratio of 46.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The firm has a 50-day moving average of $135.96 and a two-hundred day moving average of $127.36.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. On average, research analysts forecast that CBRE Group, Inc. will post 4.99 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.