New York State Teachers Retirement System Has $42.41 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

New York State Teachers Retirement System lessened its stake in shares of CBRE Group, Inc. (NYSE:CBRE) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 322,991 shares of the financial services provider’s stock after selling 8,668 shares during the quarter. New York State Teachers Retirement System’s holdings in CBRE Group were worth $42,405,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Canton Hathaway LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth about $32,000. Wolff Wiese Magana LLC lifted its stake in shares of CBRE Group by 2,830.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 293 shares of the financial services provider’s stock worth $36,000 after buying an additional 283 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth about $40,000. Finally, CENTRAL TRUST Co lifted its stake in shares of CBRE Group by 165.9% during the 4th quarter. CENTRAL TRUST Co now owns 484 shares of the financial services provider’s stock worth $64,000 after buying an additional 302 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CBRE. Morgan Stanley upgraded shares of CBRE Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $115.00 to $160.00 in a research note on Wednesday, January 15th. Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $155.00 to $152.00 in a research note on Friday, January 24th. Evercore ISI dropped their price objective on shares of CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Jefferies Financial Group upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $133.00 to $152.00 in a research note on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.33.

CBRE Group Price Performance

CBRE stock opened at $143.89 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The firm has a market cap of $44.03 billion, a P/E ratio of 46.27 and a beta of 1.39. The company’s 50-day moving average price is $135.96 and its two-hundred day moving average price is $127.36.

CBRE Group (NYSE:CBRE) last announced its quarterly 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 2.79% and a return on equity of 13.91%. On average, analysts anticipate that CBRE Group, Inc. will post 4.99 earnings per share for the current fiscal year.

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.