Russell Investments Group Ltd. Has $43.26 Million Holdings in CBRE Group, Inc. $CBRE

Key Points

• Russell Investments Group Ltd. has reduced its holdings in CBRE Group, Inc. by 13.4%, now owning approximately $43.26 million worth of the company's stock.
• CBRE Group recently reported an earnings per share (EPS) of $1.19, exceeding analysts' estimates of $1.05, alongside a strong revenue of $9.75 billion.
• Several brokerages have updated their ratings for CBRE Group, with Raymond James increasing their price target to $166.00 while maintaining an "outperform" rating.

Russell Investments Group Ltd. lowered its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 13.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 331,242 shares of the financial services provider's stock after selling 51,306 shares during the period. Russell Investments Group Ltd. owned approximately 0.11% of CBRE Group worth $43,261,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CBRE. Investment Management Corp VA ADV purchased a new stake in shares of CBRE Group in the fourth quarter valued at $28,000. Hughes Financial Services LLC acquired a new position in CBRE Group during the first quarter valued at $28,000. Golden State Wealth Management LLC increased its holdings in shares of CBRE Group by 687.1% in the 1st quarter. Golden State Wealth Management LLC now owns 244 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 213 shares during the period. Colonial Trust Co SC increased its stake in CBRE Group by 183.7% in the 4th quarter. Colonial Trust Co SC now owns 278 shares of the financial services provider's stock valued at $36,000 after buying an additional 180 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in CBRE Group by 1,400.0% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the financial services provider's stock worth $37,000 after buying an additional 266 shares in the last quarter. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Activity at CBRE Group

In related news, CAO Lindsey S. Caplan sold 1,494 shares of CBRE Group stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total value of $232,122.78. Following the completion of the transaction, the chief accounting officer directly owned 26,717 shares of the company's stock, valued at $4,151,020.29. The trade was a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Emma E. Giamartino sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $157.60, for a total transaction of $315,200.00. Following the completion of the transaction, the chief financial officer directly owned 103,371 shares in the company, valued at approximately $16,291,269.60. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,926 shares of company stock valued at $1,338,073 in the last three months. Corporate insiders own 0.42% of the company's stock.

CBRE Group Price Performance

Shares of CBRE Group stock traded down $1.04 during trading on Monday, hitting $157.89. 593,930 shares of the company's stock traded hands, compared to its average volume of 1,815,065. The firm's fifty day moving average price is $143.77 and its 200 day moving average price is $134.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.13 and a quick ratio of 1.13. CBRE Group, Inc. has a twelve month low of $108.45 and a twelve month high of $161.03. The company has a market cap of $46.98 billion, a PE ratio of 44.17 and a beta of 1.34.

CBRE Group (NYSE:CBRE - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.14. CBRE Group had a net margin of 2.86% and a return on equity of 18.89%. The firm had revenue of $9.75 billion for the quarter, compared to analysts' expectations of $9.50 billion. Analysts forecast that CBRE Group, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CBRE. Wall Street Zen raised CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Raymond James Financial increased their price objective on CBRE Group from $163.00 to $166.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Morgan Stanley reissued an "overweight" rating and issued a $170.00 target price (up from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. UBS Group lifted their price objective on shares of CBRE Group from $130.00 to $146.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of CBRE Group from $131.00 to $147.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, CBRE Group has a consensus rating of "Moderate Buy" and an average target price of $158.00.

About CBRE Group

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.