Teachers Retirement System of The State of Kentucky Has $2.51 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,975 shares of the financial services provider’s stock after selling 1,651 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in CBRE Group were worth $2,511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC raised its position in shares of CBRE Group by 27.2% during the fourth quarter. V Square Quantitative Management LLC now owns 6,543 shares of the financial services provider’s stock worth $609,000 after purchasing an additional 1,401 shares during the period. Wellington Wealth Strategies LLC. acquired a new position in shares of CBRE Group during the fourth quarter valued at about $710,000. Price T Rowe Associates Inc. MD grew its holdings in shares of CBRE Group by 5.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,373,625 shares of the financial services provider’s stock valued at $127,873,000 after buying an additional 73,805 shares during the last quarter. Sanibel Captiva Trust Company Inc. bought a new stake in shares of CBRE Group during the fourth quarter worth about $23,473,000. Finally, Grayhawk Investment Strategies Inc. acquired a new stake in shares of CBRE Group in the 4th quarter worth about $893,000. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Price Performance

Shares of NYSE CBRE opened at $90.18 on Friday. The company has a market capitalization of $27.67 billion, a PE ratio of 28.09 and a beta of 1.41. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $87.62 and its 200-day moving average price is $89.18. CBRE Group, Inc. has a twelve month low of $64.63 and a twelve month high of $98.65.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.09. The business had revenue of $7.94 billion for the quarter, compared to analyst estimates of $7.94 billion. CBRE Group had a return on equity of 12.96% and a net margin of 3.06%. CBRE Group’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. On average, equities analysts anticipate that CBRE Group, Inc. will post 4.5 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group started coverage on CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target for the company. StockNews.com cut CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Evercore ISI increased their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, CBRE Group presently has an average rating of “Hold” and a consensus price target of $99.50.

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.