Rational Advisors LLC purchased a new position in shares of CBRE Group Inc (NYSE:CBG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,572 shares of the financial services provider’s stock, valued at approximately $718,000.

A number of other large investors have also modified their holdings of CBG. Old Mutual Global Investors UK Ltd. boosted its stake in CBRE Group by 2,969.2% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,151,635 shares of the financial services provider’s stock worth $43,623,000 after purchasing an additional 1,114,113 shares during the period. State Treasurer State of Michigan boosted its stake in CBRE Group by 650.5% during the 3rd quarter. State Treasurer State of Michigan now owns 741,732 shares of the financial services provider’s stock worth $28,097,000 after purchasing an additional 642,900 shares during the period. YCG LLC boosted its stake in CBRE Group by 3,441.9% during the 3rd quarter. YCG LLC now owns 317,604 shares of the financial services provider’s stock worth $12,057,000 after purchasing an additional 308,637 shares during the period. APG Asset Management N.V. boosted its stake in CBRE Group by 154.6% during the 4th quarter. APG Asset Management N.V. now owns 446,600 shares of the financial services provider’s stock worth $16,108,000 after purchasing an additional 271,200 shares during the period. Finally, AXA boosted its stake in CBRE Group by 253.2% during the 3rd quarter. AXA now owns 351,800 shares of the financial services provider’s stock worth $13,326,000 after purchasing an additional 252,187 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

In other news, insider Robert E. Sulentic sold 40,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $42.56, for a total value of $1,702,400.00. Following the completion of the sale, the insider now owns 597,971 shares in the company, valued at approximately $25,449,645.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Valueact Capital Master Fund, sold 882,206 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $42.84, for a total transaction of $37,793,705.04. The disclosure for this sale can be found here. Insiders sold a total of 3,000,687 shares of company stock valued at $128,188,805 in the last 90 days. Company insiders own 1.00% of the company’s stock.

A number of analysts recently weighed in on the stock. JMP Securities cut shares of CBRE Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Evercore ISI assumed coverage on shares of CBRE Group in a research note on Monday, January 22nd. They set an “in-line” rating and a $48.00 price target for the company. ValuEngine upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays increased their price target on shares of CBRE Group from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $46.56.

Shares of CBRE Group Inc (NYSE CBG) opened at $44.14 on Wednesday. CBRE Group Inc has a 52 week low of $32.30 and a 52 week high of $46.60. The company has a market cap of $14,647.66, a price-to-earnings ratio of 21.74, a PEG ratio of 1.08 and a beta of 1.83. The company has a quick ratio of 1.28, a current ratio of 1.08 and a debt-to-equity ratio of 0.49.

CBRE Group (NYSE:CBG) last released its earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the business earned $0.93 EPS. The business’s revenue was up 13.4% on a year-over-year basis. equities research analysts expect that CBRE Group Inc will post 3.07 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.27%.

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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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