Cetera Investment Advisers bought a new position in CBRE Group, Inc. (NYSE:CBG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,200 shares of the financial services provider’s stock, valued at approximately $444,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of CBRE Group by 4.6% in the second quarter. Vanguard Group Inc. now owns 29,111,569 shares of the financial services provider’s stock worth $1,059,662,000 after acquiring an additional 1,289,368 shares during the last quarter. BlackRock Inc. grew its position in shares of CBRE Group by 6.1% during the 2nd quarter. BlackRock Inc. now owns 20,546,977 shares of the financial services provider’s stock worth $747,911,000 after buying an additional 1,175,336 shares during the period. JPMorgan Chase & Co. grew its position in shares of CBRE Group by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,848,701 shares of the financial services provider’s stock worth $467,693,000 after buying an additional 1,006,321 shares during the period. State Street Corp grew its position in shares of CBRE Group by 0.7% during the 1st quarter. State Street Corp now owns 12,216,341 shares of the financial services provider’s stock worth $425,001,000 after buying an additional 88,864 shares during the period. Finally, FMR LLC grew its position in shares of CBRE Group by 10.6% during the 2nd quarter. FMR LLC now owns 10,837,894 shares of the financial services provider’s stock worth $394,500,000 after buying an additional 1,040,182 shares during the period. 95.49% of the stock is owned by institutional investors.

In other CBRE Group news, CEO William F. Concannon sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $39.02, for a total transaction of $975,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William F. Concannon sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $38.09, for a total transaction of $761,800.00. Following the transaction, the chief executive officer now owns 233,896 shares of the company’s stock, valued at approximately $8,909,098.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,715,787 shares of company stock valued at $205,347,397. Company insiders own 1.00% of the company’s stock.

Several equities research analysts have recently commented on CBG shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 price target on shares of CBRE Group in a research report on Friday, July 21st. Barclays PLC lifted their price target on shares of CBRE Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research report on Friday, July 7th. UBS AG started coverage on shares of CBRE Group in a research report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price target for the company. Finally, Wedbush reiterated an “outperform” rating and set a $38.00 price target on shares of CBRE Group in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. CBRE Group currently has an average rating of “Hold” and a consensus target price of $39.60.

Shares of CBRE Group, Inc. (NYSE:CBG) traded down 0.888% on Thursday, reaching $39.605. 304,880 shares of the company were exchanged. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 19.329 and a beta of 1.82. The company’s 50-day moving average price is $37.68 and its 200 day moving average price is $36.09. CBRE Group, Inc. has a 12 month low of $25.40 and a 12 month high of $40.01.

CBRE Group (NYSE:CBG) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.12. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the business earned $0.52 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that CBRE Group, Inc. will post $2.57 EPS for the current year.

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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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