Russell Investments Group Ltd. Buys 98,263 Shares of CBRE Group, Inc. (NYSE:CBRE)

Russell Investments Group Ltd. increased its position in CBRE Group, Inc. (NYSE:CBRE - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 382,548 shares of the financial services provider's stock after purchasing an additional 98,263 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of CBRE Group worth $50,174,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of CBRE Group in the fourth quarter valued at approximately $514,609,000. Artisan Partners Limited Partnership increased its position in shares of CBRE Group by 290.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,050,089 shares of the financial services provider's stock valued at $531,736,000 after acquiring an additional 3,011,566 shares during the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in CBRE Group during the fourth quarter worth $190,695,000. Manning & Napier Advisors LLC bought a new stake in CBRE Group during the fourth quarter worth $175,978,000. Finally, Massachusetts Financial Services Co. MA grew its stake in CBRE Group by 11,750.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,232,962 shares of the financial services provider's stock valued at $161,876,000 after purchasing an additional 1,222,558 shares during the period. Institutional investors and hedge funds own 98.41% of the company's stock.

Insider Buying and Selling at CBRE Group

In related news, CFO Emma E. Giamartino sold 2,000 shares of CBRE Group stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.69, for a total transaction of $251,380.00. Following the completion of the transaction, the chief financial officer now directly owns 107,343 shares of the company's stock, valued at $13,491,941.67. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chad J. Doellinger sold 797 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.31, for a total transaction of $100,669.07. Following the transaction, the insider now directly owns 28,735 shares of the company's stock, valued at $3,629,517.85. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CBRE. Evercore ISI dropped their target price on shares of CBRE Group from $147.00 to $141.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Keefe, Bruyette & Woods boosted their target price on CBRE Group from $142.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. Morgan Stanley increased their price target on CBRE Group from $160.00 to $165.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Raymond James cut CBRE Group from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $155.00 to $152.00 in a research note on Friday, January 24th. Finally, Jefferies Financial Group raised shares of CBRE Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from $133.00 to $152.00 in a report on Thursday, January 2nd. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.33.

CBRE Group Trading Down 0.7 %

Shares of CBRE traded down $0.76 during trading hours on Friday, hitting $115.89. The company had a trading volume of 2,605,133 shares, compared to its average volume of 1,808,375. CBRE Group, Inc. has a 52-week low of $84.24 and a 52-week high of $147.75. The company has a quick ratio of 1.13, a current ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock's 50 day moving average price is $132.59 and its 200 day moving average price is $132.26. The firm has a market cap of $34.75 billion, a P/E ratio of 36.91 and a beta of 1.26.

CBRE Group (NYSE:CBRE - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $2.32 EPS for the quarter, beating analysts' consensus estimates 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, research analysts predict that CBRE Group, Inc. will post 5.99 EPS for the current year.

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.