Illinois Municipal Retirement Fund Sells 720 Shares of CBRE Group, Inc. (NYSE:CBRE)

Illinois Municipal Retirement Fund cut its position in shares of CBRE Group, Inc. (NYSE:CBRE) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,104 shares of the financial services provider’s stock after selling 720 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in CBRE Group were worth $8,416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Los Angeles Capital Management LLC grew its position in CBRE Group by 1,499.4% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,059,960 shares of the financial services provider’s stock worth $139,162,000 after acquiring an additional 993,687 shares during the last quarter. Edge Capital Group LLC grew its position in CBRE Group by 6.9% during the 4th quarter. Edge Capital Group LLC now owns 1,986 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 129 shares during the last quarter. IFP Advisors Inc grew its position in CBRE Group by 9.1% during the 4th quarter. IFP Advisors Inc now owns 1,203 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 100 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in CBRE Group during the 4th quarter worth approximately $746,000. Finally, Forvis Mazars Wealth Advisors LLC bought a new position in CBRE Group during the 4th quarter worth approximately $1,835,000. 98.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CBRE has been the topic of several recent research reports. Jefferies Financial Group upgraded CBRE Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $133.00 to $152.00 in a research report on Thursday, January 2nd. Morgan Stanley increased their price objective on CBRE Group from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group started coverage on CBRE Group in a report on Friday, December 6th. They issued a “buy” rating and a $176.00 price objective for the company. Evercore ISI dropped their price objective on CBRE Group from $147.00 to $141.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. upgraded CBRE Group from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $120.00 to $163.00 in a report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.89.

CBRE Group Trading Up 0.6 %

CBRE opened at $138.67 on Wednesday. The stock has a market cap of $41.61 billion, a PE ratio of 44.16 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $136.55 and a 200-day moving average of $129.38. CBRE Group, Inc. has a 52 week low of $84.24 and a 52 week high of $147.75.

CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. Equities research analysts predict that CBRE Group, Inc. will post 5.99 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.