Retirement Systems of Alabama Has $6.25 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Retirement Systems of Alabama lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 67,174 shares of the financial services provider’s stock after selling 2,883 shares during the quarter. Retirement Systems of Alabama’s holdings in CBRE Group were worth $6,253,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its position in CBRE Group by 5.5% during the third quarter. Commonwealth Equity Services LLC now owns 11,532 shares of the financial services provider’s stock worth $852,000 after acquiring an additional 602 shares during the period. SVB Wealth LLC increased its position in CBRE Group by 50.2% during the third quarter. SVB Wealth LLC now owns 6,014 shares of the financial services provider’s stock worth $444,000 after acquiring an additional 2,010 shares during the period. Raymond James & Associates increased its position in CBRE Group by 2.8% during the third quarter. Raymond James & Associates now owns 240,544 shares of the financial services provider’s stock worth $17,767,000 after acquiring an additional 6,662 shares during the period. Bailard Inc. increased its position in CBRE Group by 30.9% during the third quarter. Bailard Inc. now owns 7,238 shares of the financial services provider’s stock worth $535,000 after acquiring an additional 1,708 shares during the period. Finally, Brown Advisory Inc. increased its position in CBRE Group by 37.5% during the third quarter. Brown Advisory Inc. now owns 63,524 shares of the financial services provider’s stock worth $4,692,000 after acquiring an additional 17,323 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CBRE shares. Evercore ISI raised their price target on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. StockNews.com lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Wednesday. Raymond James raised their target price on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a report on Thursday, January 25th. Finally, TheStreet raised shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, CBRE Group currently has an average rating of “Hold” and an average target price of $99.50.

Insider Buying and Selling

In related news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at approximately $6,766,895.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 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 a total of 39,592 shares of company stock worth $3,675,752 in the last ninety days. Company insiders own 0.54% of the company’s stock.

CBRE Group Trading Down 0.2 %

CBRE opened at $86.61 on Friday. The company’s 50 day moving average is $91.70 and its 200-day moving average is $85.80. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $98.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31. The company has a market cap of $26.58 billion, a P/E ratio of 27.32 and a beta of 1.44.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Friday, May 3rd. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.09. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The company had revenue of $7.94 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same period last year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities research analysts predict that CBRE Group, Inc. will post 4.45 earnings per share for the current fiscal 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.