Gallagher Fiduciary Advisors LLC reduced its position in CBRE Group, Inc. (NYSE:CBG) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,244,009 shares of the financial services provider’s stock after selling 15,734 shares during the period. CBRE Group accounts for 19.1% of Gallagher Fiduciary Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Gallagher Fiduciary Advisors LLC’s holdings in CBRE Group were worth $45,282,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CBG. Paloma Partners Management Co increased its stake in CBRE Group by 1,236.6% in the first quarter. Paloma Partners Management Co now owns 100,188 shares of the financial services provider’s stock worth $3,485,000 after buying an additional 92,692 shares during the last quarter. State of Tennessee Treasury Department increased its stake in CBRE Group by 60.2% in the first quarter. State of Tennessee Treasury Department now owns 788,906 shares of the financial services provider’s stock worth $27,446,000 after buying an additional 296,381 shares during the last quarter. Logan Capital Management Inc. increased its stake in CBRE Group by 1.6% in the first quarter. Logan Capital Management Inc. now owns 239,634 shares of the financial services provider’s stock worth $8,337,000 after buying an additional 3,885 shares during the last quarter. Legal & General Group Plc increased its stake in CBRE Group by 5.2% in the first quarter. Legal & General Group Plc now owns 1,364,404 shares of the financial services provider’s stock worth $47,464,000 after buying an additional 67,496 shares during the last quarter. Finally, RWC Asset Management LLP increased its stake in CBRE Group by 60.3% in the first quarter. RWC Asset Management LLP now owns 393,273 shares of the financial services provider’s stock worth $13,682,000 after buying an additional 147,982 shares during the last quarter. Institutional investors own 96.84% of the company’s stock.

Shares of CBRE Group, Inc. (CBG) traded down 0.55% on Tuesday, hitting $35.85. The stock had a trading volume of 193,633 shares. The stock has a market cap of $12.08 billion, a PE ratio of 17.50 and a beta of 1.83. The company has a 50 day moving average price of $37.11 and a 200-day moving average price of $35.18. CBRE Group, Inc. has a 12 month low of $25.40 and a 12 month high of $38.99.

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

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A number of research firms have weighed in on CBG. BidaskClub downgraded CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday. Wedbush restated an “outperform” rating and set a $38.00 price target on shares of CBRE Group in a research report on Wednesday, August 2nd. UBS AG initiated coverage on CBRE Group in a research report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price target on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 price objective on shares of CBRE Group in a research note on Friday, July 21st. Finally, Barclays PLC raised their price objective on CBRE Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. CBRE Group presently has a consensus rating of “Hold” and an average target price of $39.40.

In other news, CEO William F. Concannon sold 20,000 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $38.09, for a total transaction of $761,800.00. Following the transaction, the chief executive officer now directly owns 233,896 shares in the company, valued at $8,909,098.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William F. Concannon sold 15,000 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $36.57, for a total transaction of $548,550.00. Following the transaction, the chief executive officer now owns 238,376 shares in the company, valued at $8,717,410.32. The disclosure for this sale can be found here. Insiders sold a total of 75,627 shares of company stock worth $2,822,306 over the last 90 days. Insiders own 1.00% of the company’s stock.

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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