Candriam Luxembourg S.C.A. reduced its position in CBRE Group Inc (NYSE:CBG) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 622,200 shares of the company’s stock after selling 32,939 shares during the period. Candriam Luxembourg S.C.A. owned approximately 0.19% of CBRE Group worth $21,516,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Janus Capital Management increased its stake in CBRE Group by 32.0% in the third quarter. Janus Capital Management now owns 5,523,284 shares of the company’s stock worth $176,745,000 after buying an additional 1,339,747 shares during the last quarter. Fulton Bank increased its stake in CBRE Group by 3.4% in the fourth quarter. Fulton Bank now owns 11,677 shares of the company’s stock worth $404,000 after buying an additional 383 shares during the last quarter. ICON Advisers increased its stake in CBRE Group by 0.9% in the third quarter. ICON Advisers now owns 522,460 shares of the company’s stock worth $16,719,000 after buying an additional 4,800 shares during the last quarter. Telemus Capital increased its stake in CBRE Group by 16.2% in the fourth quarter. Telemus Capital now owns 86,743 shares of the company’s stock worth $3,000,000 after buying an additional 12,115 shares during the last quarter. Finally, Fox Run Management bought a new stake in CBRE Group during the fourth quarter worth about $474,000.

Shares of CBRE Group Inc (NYSE:CBG) traded down 3.89% on Tuesday, hitting $26.46. 2,504,268 shares of the stock traded hands. The firm’s 50 day moving average is $31.61 and its 200 day moving average is $34.32. The firm has a market capitalization of $8.80 billion and a PE ratio of 15.57. CBRE Group Inc has a 52 week low of $26.43 and a 52 week high of $39.77.

A number of equities research analysts have issued reports on CBG shares. Barclays increased their target price on shares of CBRE Group from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Thursday, October 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of CBRE Group from $47.00 to $39.00 in a research report on Wednesday, January 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. CBRE Group currently has a consensus rating of “Buy” and a consensus target price of $42.00.

In other news, Director Frederic V. Malek sold 17,420 shares of CBRE Group stock in a transaction that occurred on Friday, December 4th. The shares were sold at an average price of $36.87, for a total transaction of $642,275.40. Following the completion of the sale, the director now owns 257,763 shares in the company, valued at approximately $9,503,721.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Calvin W. Frese, Jr. sold 20,000 shares of CBRE Group stock in a transaction that occurred on Monday, November 23rd. The stock was sold at an average price of $37.00, for a total transaction of $740,000.00. Following the sale, the chief executive officer now owns 305,042 shares of the company’s stock, valued at approximately $11,286,554. The disclosure for this sale can be found here.

CBRE Group, Inc. is a holding company that conducts all of its operations through its indirect subsidiaries. The Company is a commercial real estate services and investment firm. The Company operates through the segments: Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management, and Development Services. It offers services to occupiers, owners, lenders and investors in office retail industrial multifamily and other types of commercial real estate. Its business is focused on competencies, including commercial property and corporate facilities management, tenant/occupier and property/agency leasing, capital markets solutions (NYSE:CBG), real estate investment management, valuation, development services and research. It generates revenues from management fees on a contractual and per-project basis and from commissions on transactions. It also offers Global Workplace Solutions.

12 Month Chart for NYSE:CBG

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