CBRE Group, Inc. (NYSE:CBRE) Shares Sold by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL cut its stake in CBRE Group, Inc. (NYSE:CBREGet Rating) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 562,400 shares of the financial services provider’s stock after selling 8,900 shares during the period. Virginia Retirement Systems ET AL’s holdings in CBRE Group were worth $51,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CBRE. Amplius Wealth Advisors LLC acquired a new stake in CBRE Group in the fourth quarter valued at $28,000. CVA Family Office LLC acquired a new stake in shares of CBRE Group during the fourth quarter worth $41,000. Confluence Wealth Services Inc. acquired a new stake in shares of CBRE Group during the fourth quarter worth $46,000. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of CBRE Group by 71.7% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 515 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 215 shares during the period. Finally, Covestor Ltd acquired a new stake in shares of CBRE Group during the fourth quarter worth $66,000. 96.30% of the stock is currently owned by hedge funds and other institutional investors.

In other CBRE Group news, CEO Daniel G. Queenan sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $83.16, for a total transaction of $415,800.00. Following the completion of the sale, the chief executive officer now directly owns 188,841 shares of the company’s stock, valued at $15,704,017.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.43% of the company’s stock.

Shares of CBRE Group stock traded up $1.79 during trading on Friday, hitting $75.40. 16,179 shares of the stock were exchanged, compared to its average volume of 1,985,382. The stock’s fifty day moving average is $78.35 and its 200 day moving average is $90.57. The stock has a market cap of $24.65 billion, a PE ratio of 12.74 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 1.20. CBRE Group, Inc. has a 12 month low of $67.68 and a 12 month high of $111.00.

CBRE Group (NYSE:CBREGet Rating) last released its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.10 by $0.29. The business had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.55 billion. CBRE Group had a net margin of 6.74% and a return on equity of 25.00%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Sell-side analysts anticipate that CBRE Group, Inc. will post 6.31 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. Evercore ISI set a $94.00 target price on shares of CBRE Group in a report on Monday, June 20th. Wolfe Research dropped their target price on shares of CBRE Group from $171.00 to $116.00 and set an “outperform” rating on the stock in a report on Thursday, March 10th. StockNews.com raised shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a report on Tuesday, April 5th. They set a “buy” rating and a $111.00 target price on the stock. Finally, Raymond James lowered their price target on shares of CBRE Group from $126.00 to $111.00 and set an “outperform” rating for the company in a research report on Tuesday, April 26th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $109.40.

CBRE Group Company Profile (Get Rating)

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBRE)

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