Public Employees Retirement System of Ohio Sells 7,003 Shares of CBRE Group, Inc. $CBRE

Public Employees Retirement System of Ohio lowered its holdings in CBRE Group, Inc. (NYSE:CBRE) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,379 shares of the financial services provider’s stock after selling 7,003 shares during the period. Public Employees Retirement System of Ohio’s holdings in CBRE Group were worth $15,494,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Swiss RE Ltd. bought a new position in CBRE Group in the 4th quarter worth approximately $25,000. Navalign LLC bought a new stake in CBRE Group during the 4th quarter valued at $29,000. Ascentis Independent Advisors purchased a new stake in shares of CBRE Group during the first quarter worth $30,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of CBRE Group during the first quarter worth $33,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of CBRE Group by 5,180.0% in the first quarter. Sound Income Strategies LLC now owns 264 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 259 shares during the period. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CBRE Group news, CFO Emma E. Giamartino sold 2,250 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $130.74, for a total value of $294,165.00. Following the transaction, the chief financial officer directly owned 110,729 shares in the company, valued at $14,476,709.46. This represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.46% of the stock is currently owned by insiders.

CBRE Group Stock Up 2.9%

CBRE opened at $139.50 on Friday. The company has a fifty day moving average price of $134.36 and a 200-day moving average price of $143.99. The firm has a market capitalization of $40.85 billion, a P/E ratio of 31.78 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 1.08. CBRE Group, Inc. has a one year low of $121.69 and a one year high of $174.27.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.48. The company had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.22 billion. CBRE Group had a return on equity of 24.08% and a net margin of 3.11%.The firm’s revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. Equities research analysts expect that CBRE Group, Inc. will post 7.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Evercore set a $169.00 price target on CBRE Group in a research report on Tuesday, June 30th. Weiss Ratings cut CBRE Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Keefe, Bruyette & Woods raised their target price on CBRE Group from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Barclays lifted their target price on CBRE Group from $175.00 to $178.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Saturday. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.86.

CBRE Group Company Profile

CBRE Group, Inc is a global commercial real estate services and investment firm that provides a broad range of advisory, transactional and property-related services to occupiers, investors and owners. Its core activities include leasing and sales brokerage, facilities and property management, valuation and advisory, project and development services, and capital markets execution. The firm serves corporate occupiers, institutional investors, private owners and public entities across office, industrial, retail, multifamily and specialized property types.

In addition to traditional brokerage and management services, CBRE offers investment management capabilities and outsourced real estate solutions, combining market research, technology and data analytics to support portfolio strategy, transaction execution and asset operations.