Advisory Services Network LLC raised its holdings in CBRE Group Inc (NYSE:CBG) by 49.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,977 shares of the financial services provider’s stock after purchasing an additional 1,307 shares during the period. Advisory Services Network LLC’s holdings in CBRE Group were worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in the business. Signition LP bought a new stake in shares of CBRE Group in the 4th quarter worth about $3,474,000. Toronto Dominion Bank grew its holdings in shares of CBRE Group by 14.0% in the 4th quarter. Toronto Dominion Bank now owns 130,259 shares of the financial services provider’s stock worth $5,641,000 after purchasing an additional 16,031 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of CBRE Group by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 7,211,233 shares of the financial services provider’s stock worth $312,320,000 after purchasing an additional 23,697 shares during the last quarter. Forsta AP Fonden bought a new stake in shares of CBRE Group in the 4th quarter worth about $3,547,000. Finally, Hosking Partners LLP lifted its position in CBRE Group by 0.5% during the 4th quarter. Hosking Partners LLP now owns 2,448,447 shares of the financial services provider’s stock worth $106,042,000 after buying an additional 11,665 shares in the last quarter. 95.34% of the stock is currently owned by hedge funds and other institutional investors.
CBRE Group Inc (NYSE CBG) opened at $45.95 on Friday. The stock has a market cap of $15,200.98, a PE ratio of 22.64, a P/E/G ratio of 1.12 and a beta of 1.83. The company has a current ratio of 1.08, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. CBRE Group Inc has a 52-week low of $32.30 and a 52-week high of $46.60.
CBRE Group (NYSE:CBG) last released its earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the company posted $0.93 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. analysts forecast that CBRE Group Inc will post 3.07 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.18%.
In other CBRE Group news, CFO James R. Groch sold 50,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $45.03, for a total transaction of $2,251,500.00. Following the transaction, the chief financial officer now directly owns 442,444 shares in the company, valued at approximately $19,923,253.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael J. Lafitte sold 25,888 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $44.86, for a total transaction of $1,161,335.68. Following the transaction, the insider now owns 284,834 shares in the company, valued at $12,777,653.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,658,788 shares of company stock worth $70,908,318. Corporate insiders own 1.00% of the company’s stock.
Several research analysts recently issued reports on CBG shares. Barclays reiterated a “buy” rating and set a $47.00 price target on shares of CBRE Group in a research report on Wednesday, December 27th. Zacks Investment Research downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. JMP Securities downgraded shares of CBRE Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Bank of America upped their price target on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, Evercore ISI started coverage on shares of CBRE Group in a research report on Monday, January 22nd. They set an “in-line” rating and a $48.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. CBRE Group has an average rating of “Buy” and a consensus price target of $46.56.
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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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