CBRE Group Inc (CBG) Shares Bought by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC lifted its holdings in shares of CBRE Group Inc (NYSE:CBG) by 13.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 86,215 shares of the financial services provider’s stock after acquiring an additional 9,900 shares during the period. Nisa Investment Advisors LLC’s holdings in CBRE Group were worth $3,734,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of CBG. Cambridge Investment Research Advisors Inc. grew its stake in shares of CBRE Group by 13.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,691 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 779 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of CBRE Group during the second quarter worth about $271,000. Teachers Advisors LLC grew its stake in shares of CBRE Group by 2.3% during the second quarter. Teachers Advisors LLC now owns 446,684 shares of the financial services provider’s stock worth $16,259,000 after acquiring an additional 10,036 shares during the last quarter. Norinchukin Bank The grew its stake in shares of CBRE Group by 6.8% during the second quarter. Norinchukin Bank The now owns 20,869 shares of the financial services provider’s stock worth $760,000 after acquiring an additional 1,332 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of CBRE Group by 6.1% during the second quarter. BlackRock Inc. now owns 20,546,977 shares of the financial services provider’s stock worth $747,911,000 after acquiring an additional 1,175,336 shares during the last quarter. Institutional investors and hedge funds own 94.74% of the company’s stock.
In other CBRE Group news, insider Calvin W. Frese, Jr. sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.04, for a total value of $1,001,000.00. Following the completion of the transaction, the insider now directly owns 246,473 shares of the company’s stock, valued at $9,868,778.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP J. Christopher Kirk sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $43.32, for a total value of $866,400.00. Following the completion of the transaction, the executive vice president now directly owns 118,162 shares of the company’s stock, valued at $5,118,777.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,013,565 shares of company stock worth $128,628,161. 1.00% of the stock is owned by insiders.
CBG has been the topic of a number of research analyst reports. Barclays restated a “buy” rating and set a $47.00 price target on shares of CBRE Group in a research note on Wednesday, December 27th. Zacks Investment Research lowered CBRE Group from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Bank of America upped their target price on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $42.83.
Shares of CBRE Group Inc (NYSE:CBG) opened at $44.99 on Thursday. The company has a market capitalization of $15,156.85, a P/E ratio of 19.39, a P/E/G ratio of 1.23 and a beta of 1.87. CBRE Group Inc has a 52-week low of $29.69 and a 52-week high of $45.51. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28.
CBRE Group (NYSE:CBG) last issued its earnings results on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.10. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.45 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. CBRE Group’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. equities analysts expect that CBRE Group Inc will post 2.66 EPS for the current year.
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CBRE Group 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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