Nicholas Co. Inc. WI boosted its stake in CBRE Group, Inc. (NYSE:CBG) by 20.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,310,500 shares of the company’s stock after buying an additional 391,700 shares during the period. CBRE Group comprises approximately 1.6% of Nicholas Co. Inc. WI’s holdings, making the stock its 18th largest position. Nicholas Co. Inc. WI owned 0.69% of CBRE Group worth $72,757,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. raised its stake in shares of CBRE Group by 19.8% in the third quarter. Assetmark Inc. now owns 5,408 shares of the company’s stock valued at $151,000 after buying an additional 893 shares in the last quarter. Penserra Capital Management LLC raised its stake in CBRE Group by 77.5% in the third quarter. Penserra Capital Management LLC now owns 5,546 shares of the company’s stock worth $154,000 after buying an additional 2,422 shares during the period. Conning Inc. bought a new stake in CBRE Group during the third quarter worth $205,000. Commerce Bank bought a new stake in CBRE Group during the third quarter worth $206,000. Finally, Cutter & CO Brokerage Inc. bought a new stake in CBRE Group during the fourth quarter worth $210,000. 95.98% of the stock is owned by institutional investors and hedge funds.

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

CBRE Group, Inc. (NYSE:CBG) traded down 1.19% during mid-day trading on Thursday, hitting $35.02. The stock had a trading volume of 6,289,920 shares. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 20.72 and a beta of 1.70. The stock’s 50-day moving average price is $31.39 and its 200-day moving average price is $29.53. CBRE Group, Inc. has a 12 month low of $23.80 and a 12 month high of $35.65.

CBRE Group (NYSE:CBG) last issued its earnings results on Friday, February 10th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.13. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.89 billion. CBRE Group had a return on equity of 26.37% and a net margin of 4.38%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.81 EPS. On average, analysts predict that CBRE Group, Inc. will post $2.37 earnings per share for the current year.

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A number of analysts have recently weighed in on CBG shares. Zacks Investment Research raised CBRE Group from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Wedbush reissued an “outperform” rating and set a $35.00 price objective (down previously from $38.00) on shares of CBRE Group in a research note on Wednesday.

In related news, insider Michael J. Lafitte sold 15,000 shares of CBRE Group stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $33.01, for a total transaction of $495,150.00. Following the sale, the insider now owns 323,053 shares of the company’s stock, valued at approximately $10,663,979.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James R. Groch sold 30,000 shares of CBRE Group stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $30.00, for a total value of $900,000.00. Following the sale, the chief financial officer now directly owns 510,483 shares in the company, valued at approximately $15,314,490. The disclosure for this sale can be found here. Insiders have sold a total of 155,000 shares of company stock worth $5,185,050 in the last three months. 1.10% of the stock is owned by corporate insiders.

About CBRE Group

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company is 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.

5 Day Chart for NYSE:CBG

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