CBRE Group, Inc. (NYSE:CBRE) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System lifted its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 89,004 shares of the financial services provider’s stock after acquiring an additional 1,099 shares during the period. Arizona State Retirement System’s holdings in CBRE Group were worth $11,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Meridian Wealth Management LLC boosted its position in shares of CBRE Group by 1.4% during the fourth quarter. Meridian Wealth Management LLC now owns 5,192 shares of the financial services provider’s stock worth $682,000 after buying an additional 71 shares during the period. Gilbert & Cook Inc. boosted its position in shares of CBRE Group by 1.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,448 shares of the financial services provider’s stock worth $715,000 after buying an additional 75 shares during the period. Lindbrook Capital LLC boosted its position in shares of CBRE Group by 4.7% during the third quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock worth $218,000 after buying an additional 79 shares during the period. Stephens Inc. AR boosted its position in shares of CBRE Group by 3.1% during the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock worth $329,000 after buying an additional 80 shares during the period. Finally, Community Bank & Trust Waco Texas lifted its position in CBRE Group by 0.6% in the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock worth $1,902,000 after purchasing an additional 93 shares during the period. 98.41% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group Price Performance

NYSE CBRE opened at $133.52 on Friday. The stock has a market capitalization of $40.06 billion, a P/E ratio of 42.52 and a beta of 1.39. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The business’s fifty day moving average is $137.92 and its two-hundred day moving average is $130.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.13 and a current ratio of 1.07.

CBRE Group (NYSE:CBRE) last announced its earnings results 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 2.71% and a return on equity of 16.96%. On average, research analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CBRE. Evercore ISI cut their target price on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Keefe, Bruyette & Woods upped their target price on CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Citigroup upped their target price on CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Raymond James downgraded CBRE Group from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $155.00 to $152.00 in a research report on Friday, January 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CBRE Group currently has an average rating of “Moderate Buy” and a consensus target price of $149.89.

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.