California State Teachers Retirement System Has $19.03 Million Holdings in CBRE Group Inc (CBG)

California State Teachers Retirement System lowered its stake in shares of CBRE Group Inc (NYSE:CBG) by 8.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 502,420 shares of the financial services provider’s stock after selling 45,746 shares during the period. California State Teachers Retirement System owned 0.15% of CBRE Group worth $19,032,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CBG. Invictus RG bought a new position in shares of CBRE Group in the third quarter worth $104,000. GQG Partners LLC bought a new position in shares of CBRE Group in the second quarter worth $122,000. BB&T Investment Services Inc. bought a new position in shares of CBRE Group in the second quarter worth $125,000. Massey Quick Simon & CO. LLC bought a new position in shares of CBRE Group in the third quarter worth $193,000. Finally, Advisor Group Inc. increased its holdings in shares of CBRE Group by 6.6% in the second quarter. Advisor Group Inc. now owns 5,480 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 337 shares during the period. Hedge funds and other institutional investors own 94.58% of the company’s stock.

CBRE Group Inc (NYSE:CBG) traded up $0.85 on Thursday, reaching $45.12. The company had a trading volume of 1,064,340 shares, compared to its average volume of 1,959,714. The company has a market capitalization of $15,030.00, a PE ratio of 19.53, a PEG ratio of 1.23 and a beta of 1.87. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. CBRE Group Inc has a 1-year low of $29.69 and a 1-year high of $45.50.

CBRE Group (NYSE:CBG) last released its earnings results on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.10. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.45 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. equities research analysts predict that CBRE Group Inc will post 2.67 EPS for the current year.

In other CBRE Group news, Director Frederic V. Malek sold 6,900 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $43.28, for a total transaction of $298,632.00. Following the completion of the sale, the director now directly owns 267,446 shares in the company, valued at $11,575,062.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP J. Christopher Kirk sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $43.32, for a total transaction of $866,400.00. Following the sale, the executive vice president now owns 118,162 shares of the company’s stock, valued at $5,118,777.84. The disclosure for this sale can be found here. In the last three months, insiders sold 3,024,872 shares of company stock worth $129,080,441. 1.00% of the stock is owned by insiders.

Several research analysts have recently weighed in on CBG shares. Barclays reaffirmed a “buy” rating and issued a $47.00 price target on shares of CBRE Group in a report on Wednesday, December 27th. Bank of America upped their price target on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Finally, Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $42.83.

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About CBRE Group

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.

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

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