Louisiana State Employees Retirement System Makes New $1.71 Million Investment in CBRE Group, Inc. (NYSE:CBRE)

Louisiana State Employees Retirement System purchased a new position in CBRE Group, Inc. (NYSE:CBRE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,400 shares of the financial services provider’s stock, valued at approximately $1,713,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in CBRE Group by 795.4% in the 4th quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider’s stock worth $13,107,000 after buying an additional 125,071 shares during the last quarter. DNB Asset Management AS lifted its stake in shares of CBRE Group by 37.9% in the 4th quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider’s stock valued at $11,975,000 after purchasing an additional 35,386 shares in the last quarter. Advisor Resource Council acquired a new position in shares of CBRE Group in the 4th quarter valued at about $1,083,000. Sei Investments Co. lifted its stake in shares of CBRE Group by 14.1% in the 3rd quarter. Sei Investments Co. now owns 1,073,768 shares of the financial services provider’s stock valued at $79,308,000 after purchasing an additional 132,748 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of CBRE Group by 2.8% in the 4th quarter. Nordea Investment Management AB now owns 21,548 shares of the financial services provider’s stock valued at $2,014,000 after purchasing an additional 578 shares in the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

CBRE Group Stock Performance

Shares of NYSE:CBRE opened at $84.90 on Friday. The company has a market cap of $26.06 billion, a P/E ratio of 26.78 and a beta of 1.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. CBRE Group, Inc. has a one year low of $64.63 and a one year high of $98.65. The business’s 50-day simple moving average is $92.40 and its 200 day simple moving average is $84.79.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same period last year, the business posted $1.33 EPS. The company’s revenue was up 9.2% on a year-over-year basis. On average, sell-side analysts forecast that CBRE Group, Inc. will post 4.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on CBRE. Evercore ISI lifted their price objective on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 13th. Keefe, Bruyette & Woods lifted their price objective on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Finally, Jefferies Financial Group started coverage on CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price objective on the stock. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $99.50.

Insiders Place Their Bets

In other CBRE Group news, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at approximately $19,164,323.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Chandra Dhandapani sold 11,925 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now directly owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The disclosure for this sale can be found here. Insiders have sold 39,592 shares of company stock worth $3,675,752 in the last three months. 0.53% of the stock is owned by insiders.

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.