Kentucky Retirement Systems Insurance Trust Fund Grows Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 10.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,858 shares of the financial services provider’s stock after purchasing an additional 940 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in CBRE Group were worth $1,294,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Algert Global LLC purchased a new position in CBRE Group in the 3rd quarter worth approximately $1,829,000. Hudson Valley Investment Advisors Inc. ADV purchased a new position in CBRE Group in the 4th quarter worth approximately $1,518,000. Merit Financial Group LLC purchased a new position in CBRE Group in the 4th quarter worth approximately $256,000. Fulton Bank N.A. raised its holdings in CBRE Group by 342.0% in the 4th quarter. Fulton Bank N.A. now owns 24,849 shares of the financial services provider’s stock worth $3,262,000 after acquiring an additional 19,227 shares during the last quarter. Finally, Prestige Wealth Management Group LLC raised its holdings in CBRE Group by 17,304.5% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 3,829 shares of the financial services provider’s stock worth $477,000 after acquiring an additional 3,807 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Down 0.0 %

NYSE:CBRE opened at $143.67 on Wednesday. CBRE Group, Inc. has a 12 month low of $84.24 and a 12 month high of $147.75. The company has a 50 day simple moving average of $136.21 and a two-hundred day simple moving average of $128.02. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. The company has a market cap of $43.96 billion, a PE ratio of 46.20 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a net margin of 2.79% and a return on equity of 13.91%. Research analysts forecast that CBRE Group, Inc. will post 4.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

CBRE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of CBRE Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Keefe, Bruyette & Woods boosted their price objective on shares of CBRE Group from $142.00 to $145.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Citigroup boosted their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Morgan Stanley raised shares of CBRE Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $115.00 to $160.00 in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group initiated coverage on shares of CBRE Group in a research report on Friday, December 6th. They issued a “buy” rating and a $176.00 target price for the company. Three investment analysts have rated the stock with a hold rating, seven have 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 currently has an average rating of “Moderate Buy” and an average target price of $149.33.

About CBRE Group

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.