Russell Investments Group Ltd. Has $29.41 Million Stock Holdings in CBRE Group, Inc. (NYSE:CBRE)

Russell Investments Group Ltd. lessened its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 29.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 315,403 shares of the financial services provider's stock after selling 131,962 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of CBRE Group worth $29,414,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC lifted its position in shares of CBRE Group by 795.4% during the 4th quarter. SG Americas Securities LLC now owns 140,795 shares of the financial services provider's stock worth $13,107,000 after purchasing an additional 125,071 shares during the last quarter. DNB Asset Management AS boosted its position in shares of CBRE Group by 37.9% in the 4th quarter. DNB Asset Management AS now owns 128,636 shares of the financial services provider's stock valued at $11,975,000 after purchasing an additional 35,386 shares during the period. Advisor Resource Council purchased a new stake in CBRE Group in the 4th quarter valued at $1,083,000. Sei Investments Co. increased its holdings in shares of CBRE Group by 14.1% in the third quarter. Sei Investments Co. now owns 1,073,768 shares of the financial services provider's stock valued at $79,308,000 after purchasing an additional 132,748 shares during the period. Finally, Nordea Investment Management AB lifted its position in CBRE Group by 2.8% in the fourth quarter. Nordea Investment Management AB now owns 21,548 shares of the financial services provider's stock valued at $2,014,000 after purchasing an additional 578 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

CBRE Group Stock Performance

Shares of NYSE CBRE traded down $0.62 during midday trading on Wednesday, hitting $86.27. The company's stock had a trading volume of 1,311,085 shares, compared to its average volume of 1,633,761. The firm has a market cap of $26.48 billion, a P/E ratio of 27.21 and a beta of 1.42. The firm's fifty day moving average price is $91.86 and its 200-day moving average price is $85.69. CBRE Group, Inc. has a 1-year low of $64.63 and a 1-year high of $98.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.17. The business had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 EPS. On average, sell-side analysts forecast that CBRE Group, Inc. will post 4.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on CBRE shares. TheStreet upgraded shares of CBRE Group from a "c+" rating to a "b-" rating in a research report on Thursday, January 25th. StockNews.com lowered CBRE Group from a "buy" rating to a "hold" rating in a research note on Wednesday. Evercore ISI increased their price target on CBRE Group from $103.00 to $104.00 and gave the stock an "in-line" rating in a research note on Tuesday, April 2nd. Jefferies Financial Group initiated coverage on shares of CBRE Group in a report on Wednesday, April 10th. They issued a "hold" rating and a $107.00 price target on the stock. Finally, Raymond James increased their target price on CBRE Group from $95.00 to $103.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CBRE Group presently has a consensus rating of "Hold" and an average price target of $99.50.

Insider Transactions at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,667 shares of the firm's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the transaction, the chief financial officer now directly owns 72,350 shares of the company's stock, valued at $6,766,895.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CBRE Group news, CFO Emma E. Giamartino sold 2,667 shares of the business's stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $93.53, for a total value of $249,444.51. Following the sale, the chief financial officer now directly owns 72,350 shares in the company, valued at $6,766,895.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the completion of the transaction, the chief executive officer now owns 127,064 shares in the company, valued at $11,947,827.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,592 shares of company stock worth $3,675,752. Insiders own 0.54% of the company's stock.

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.