Earnest Partners LLC Sells 27,173 Shares of CBRE Group, Inc. (CBG)

Earnest Partners LLC trimmed its holdings in CBRE Group, Inc. (NYSE:CBG) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,814,433 shares of the financial services provider’s stock after selling 27,173 shares during the period. Earnest Partners LLC owned about 0.53% of CBRE Group worth $68,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Invictus RG bought a new position in shares of CBRE Group in the third quarter valued at $104,000. GQG Partners LLC bought a new position in shares of CBRE Group in the second quarter valued at $122,000. BB&T Investment Services Inc. bought a new position in shares of CBRE Group in the second quarter valued at $125,000. Massey Quick Simon & CO. LLC bought a new position in shares of CBRE Group in the third quarter valued at $193,000. Finally, Advisor Group Inc. lifted its position in shares of CBRE Group by 6.6% during the second quarter. Advisor Group Inc. now owns 5,480 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 337 shares in the last quarter. 95.00% of the stock is currently owned by hedge funds and other institutional investors.

CBG has been the topic of a number of recent analyst reports. Bank of America raised their price target on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Barclays raised their price target on shares of CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. CBRE Group currently has an average rating of “Hold” and an average price target of $40.33.

CBRE Group, Inc. (CBG) opened at $43.62 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. CBRE Group, Inc. has a 12-month low of $29.69 and a 12-month high of $44.04. The firm has a market cap of $14,807.20, a PE ratio of 16.46, a P/E/G ratio of 1.26 and a beta of 1.86.

CBRE Group (NYSE:CBG) last released its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same period last year, the firm earned $0.50 earnings per share. The firm’s revenue was up 11.2% on a year-over-year basis. research analysts predict that CBRE Group, Inc. will post 2.67 EPS for the current fiscal year.

In other CBRE Group news, insider Valueact Capital Master Fund, sold 5,500,000 shares of CBRE Group stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $35.90, for a total value of $197,450,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert E. Sulentic sold 45,000 shares of CBRE Group stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $43.16, for a total transaction of $1,942,200.00. Following the completion of the sale, the insider now directly owns 637,971 shares in the company, valued at approximately $27,534,828.36. The disclosure for this sale can be found here. Insiders have sold 8,522,972 shares of company stock worth $326,340,909 over the last three months. 1.00% of the stock is owned by insiders.

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CBRE Group Company Profile

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.

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Institutional Ownership by Quarter for CBRE Group (NYSE:CBG)

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