Fjarde AP Fonden Fourth Swedish National Pension Fund Has $6.37 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in CBRE Group, Inc. (NYSE:CBRE) by 24.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,513 shares of the financial services provider’s stock after selling 16,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CBRE Group were worth $6,369,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Private Advisor Group LLC grew its holdings in shares of CBRE Group by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after purchasing an additional 90 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in CBRE Group by 23.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,335 shares of the financial services provider’s stock worth $3,121,000 after purchasing an additional 4,743 shares during the period. Forsta AP Fonden lifted its position in CBRE Group by 20.7% during the third quarter. Forsta AP Fonden now owns 61,200 shares of the financial services provider’s stock worth $7,618,000 after purchasing an additional 10,500 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in CBRE Group by 2.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 17,055 shares of the financial services provider’s stock worth $2,123,000 after purchasing an additional 334 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in CBRE Group by 9.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 416,478 shares of the financial services provider’s stock worth $51,120,000 after purchasing an additional 35,972 shares during the period. Institutional investors and hedge funds own 98.41% of the company’s stock.

CBRE Group Stock Performance

CBRE Group stock opened at $137.81 on Tuesday. The business has a 50 day moving average of $136.50 and a 200-day moving average of $129.17. CBRE Group, Inc. has a 1 year low of $84.24 and a 1 year high of $147.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.07 and a quick ratio of 1.13. The company has a market capitalization of $41.35 billion, a P/E ratio of 43.89 and a beta of 1.39.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data 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 return on equity of 16.96% and a net margin of 2.71%. On average, equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Evercore ISI cut 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 report on Monday, January 13th. The Goldman Sachs Group assumed coverage on shares of CBRE Group in a research report on Friday, December 6th. They set a “buy” rating and a $176.00 price objective for the company. JPMorgan Chase & Co. raised shares of CBRE Group from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $120.00 to $163.00 in a research report on Monday, December 16th. Keefe, Bruyette & Woods upped 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 report on Friday, February 14th. Finally, Raymond James cut shares of CBRE Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $155.00 to $152.00 in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $149.89.

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.