CBRE Group, Inc. (NYSE:CBRE) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its holdings in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 571,740 shares of the financial services provider's stock after acquiring an additional 23,146 shares during the period. Rhumbline Advisers owned about 0.19% of CBRE Group worth $74,772,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CBRE. SBI Securities Co. Ltd. purchased a new position in CBRE Group in the fourth quarter valued at approximately $25,000. Investment Management Corp VA ADV acquired a new position in shares of CBRE Group in the 4th quarter valued at $28,000. Denver PWM LLC purchased a new position in shares of CBRE Group in the 4th quarter valued at $29,000. Colonial Trust Co SC lifted its position in CBRE Group by 183.7% in the fourth quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 180 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in CBRE Group by 610.9% in the fourth quarter. Larson Financial Group LLC now owns 327 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 281 shares during the last quarter. 98.41% of the stock is currently owned by hedge funds and other institutional investors.

CBRE Group Trading Up 0.1%

CBRE stock traded up $0.09 during midday trading on Thursday, hitting $127.50. The stock had a trading volume of 1,222,502 shares, compared to its average volume of 1,834,113. The company's 50-day moving average price is $123.15 and its 200 day moving average price is $131.30. 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 firm has a market cap of $38.01 billion, a PE ratio of 40.61 and a beta of 1.30. CBRE Group, Inc. has a 12-month low of $84.24 and a 12-month high of $147.75.

CBRE Group (NYSE:CBRE - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $8.91 billion during the quarter, compared to analyst estimates of $8.73 billion. CBRE Group had a return on equity of 16.96% and a net margin of 2.71%. The business's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 earnings per share. On average, equities research analysts predict that CBRE Group, Inc. will post 5.99 earnings per share for the current fiscal year.

Insider Activity at CBRE Group

In other news, CFO Emma E. Giamartino sold 1,972 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $129.10, for a total transaction of $254,585.20. Following the completion of the sale, the chief financial officer now directly owns 105,371 shares of the company's stock, valued at $13,603,396.10. The trade was a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chad J. Doellinger sold 494 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $126.05, for a total value of $62,268.70. Following the sale, the insider now directly owns 27,945 shares of the company's stock, valued at approximately $3,522,467.25. This trade represents a 1.74% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,396 shares of company stock worth $685,649. 0.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on CBRE Group from $129.00 to $131.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 30th. Morgan Stanley reduced their price objective on shares of CBRE Group from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of CBRE Group from $163.00 to $141.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. UBS Group dropped their target price on shares of CBRE Group from $146.00 to $130.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Wall Street Zen lowered shares of CBRE Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Three research 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.22.

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.