Rhumbline Advisers Has $72.03 Million Position in CBRE Group, Inc. (NYSE:CBRE)

Rhumbline Advisers reduced its stake in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 548,594 shares of the financial services provider's stock after selling 9,355 shares during the period. Rhumbline Advisers owned approximately 0.18% of CBRE Group worth $72,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Valeo Financial Advisors LLC increased its position in shares of CBRE Group by 8.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,132 shares of the financial services provider's stock worth $280,000 after purchasing an additional 168 shares in the last quarter. Avestar Capital LLC bought a new stake in CBRE Group during the fourth quarter worth about $267,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in CBRE Group during the fourth quarter worth about $1,132,000. Summit Trail Advisors LLC increased its holdings in shares of CBRE Group by 46.5% during the fourth quarter. Summit Trail Advisors LLC now owns 3,214 shares of the financial services provider's stock worth $422,000 after buying an additional 1,020 shares in the last quarter. Finally, Savant Capital LLC raised its stake in shares of CBRE Group by 19.0% in the fourth quarter. Savant Capital LLC now owns 6,875 shares of the financial services provider's stock valued at $903,000 after acquiring an additional 1,098 shares during the last quarter. 98.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CBRE shares. JPMorgan Chase & Co. raised CBRE Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $120.00 to $163.00 in a research note on Monday, December 16th. Evercore ISI reduced their price target on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Citigroup raised their price objective on shares of CBRE Group from $130.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Morgan Stanley boosted their target price on shares of CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods increased their price target on shares of CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. Three investment 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $149.89.

CBRE Group Trading Down 1.3 %

Shares of NYSE:CBRE traded down $1.87 during trading on Thursday, hitting $141.81. 1,514,369 shares of the company's stock were exchanged, compared to its average volume of 1,848,287. The company has a current ratio of 1.07, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The firm has a market cap of $42.55 billion, a P/E ratio of 45.16 and a beta of 1.39. The firm has a 50-day moving average price of $136.49 and a two-hundred day moving average price of $128.37. CBRE Group, Inc. has a 1-year low of $84.24 and a 1-year high of $147.75.

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

CBRE Group 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.