New Mexico Educational Retirement Board Sells 300 Shares of CBRE Group, Inc. (NYSE:CBRE)

New Mexico Educational Retirement Board reduced its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,399 shares of the financial services provider’s stock after selling 300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in CBRE Group were worth $1,890,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CBRE. Canton Hathaway LLC bought a new position in shares of CBRE Group in the third quarter valued at $27,000. Ashton Thomas Securities LLC bought a new position in shares of CBRE Group in the third quarter valued at $32,000. CENTRAL TRUST Co grew its stake in shares of CBRE Group by 165.9% in the fourth quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock valued at $64,000 after buying an additional 302 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of CBRE Group by 3,969.2% in the fourth quarter. Versant Capital Management Inc now owns 529 shares of the financial services provider’s stock valued at $69,000 after buying an additional 516 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of CBRE Group by 680.0% in the third quarter. Exchange Traded Concepts LLC now owns 624 shares of the financial services provider’s stock valued at $78,000 after buying an additional 544 shares in the last quarter. 98.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on CBRE. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and raised their target price for the company from $120.00 to $163.00 in a research note on Monday, December 16th. Morgan Stanley raised CBRE Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $115.00 to $160.00 in a report on Wednesday, January 15th. Keefe, Bruyette & Woods raised their price target on CBRE Group from $142.00 to $145.00 and gave the company a “market perform” rating in a report on Friday. The Goldman Sachs Group assumed coverage on CBRE Group in a report on Friday, December 6th. They set a “buy” rating and a $176.00 price target for the company. Finally, Evercore ISI cut their price target on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $149.33.

CBRE Group Stock Up 0.5 %

CBRE opened at $143.89 on Monday. CBRE Group, Inc. has a fifty-two week low of $84.24 and a fifty-two week high of $147.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $44.03 billion, a P/E ratio of 46.27 and a beta of 1.39. The stock has a fifty day moving average of $136.08 and a 200-day moving average of $127.70.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 13th. The financial services provider reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. On average, equities analysts expect that CBRE Group, Inc. will post 4.99 EPS 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.