Shell Asset Management Co. maintained its stake in shares of CBRE Group, Inc. (NYSE:CBG) during the second quarter, Holdings Channel reports. The firm owned 19,635 shares of the financial services provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in CBRE Group were worth $715,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CBG. Mn Services Vermogensbeheer B.V. increased its stake in shares of CBRE Group by 5.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,095 shares of the financial services provider’s stock valued at $263,000 after buying an additional 454 shares in the last quarter. Global Thematic Partners LLC increased its stake in shares of CBRE Group by 8.1% in the first quarter. Global Thematic Partners LLC now owns 1,306,163 shares of the financial services provider’s stock valued at $45,442,000 after buying an additional 97,368 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of CBRE Group by 4.2% in the first quarter. Nationwide Fund Advisors now owns 717,301 shares of the financial services provider’s stock valued at $24,955,000 after buying an additional 29,004 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of CBRE Group by 8.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 438,054 shares of the financial services provider’s stock valued at $15,241,000 after buying an additional 33,939 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of CBRE Group during the first quarter valued at approximately $116,000. Institutional investors and hedge funds own 96.44% of the company’s stock.

CBRE Group, Inc. (NYSE CBG) opened at 35.77 on Friday. CBRE Group, Inc. has a 1-year low of $25.40 and a 1-year high of $38.99. The stock has a market capitalization of $12.05 billion, a P/E ratio of 17.46 and a beta of 1.83. The stock has a 50 day moving average price of $37.09 and a 200-day moving average price of $35.07.

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

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Several brokerages have commented on CBG. UBS AG began coverage on CBRE Group in a research note on Wednesday, July 26th. They set a “neutral” rating and a $41.00 target price on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 target price on shares of CBRE Group in a research note on Friday, July 21st. Wedbush reiterated an “outperform” rating and set a $38.00 target price on shares of CBRE Group in a research note on Wednesday, August 2nd. Barclays PLC increased their target price on CBRE Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Finally, Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.40.

In other news, CEO William F. Concannon sold 20,000 shares of the company’s stock in a transaction 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 directly owns 233,896 shares of the company’s stock, valued at $8,909,098.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael J. Lafitte sold 15,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $37.02, for a total value of $555,300.00. Following the transaction, the insider now directly owns 369,774 shares in the company, valued at $13,689,033.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,627 shares of company stock worth $2,822,306. 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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