Trillium Asset Management LLC increased its stake in CBRE Group, Inc. (NYSE:CBG) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 49,082 shares of the financial services provider’s stock after buying an additional 1,576 shares during the period. Trillium Asset Management LLC’s holdings in CBRE Group were worth $1,787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Paloma Partners Management Co raised its position in shares of 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 valued at $3,485,000 after buying an additional 92,692 shares during the period. State of Tennessee Treasury Department raised its position in shares of 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 valued at $27,446,000 after buying an additional 296,381 shares during the period. Logan Capital Management Inc. raised its position in shares of 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 valued at $8,337,000 after buying an additional 3,885 shares during the period. Legal & General Group Plc raised its position in shares of 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 valued at $47,464,000 after buying an additional 67,496 shares during the period. Finally, RWC Asset Management LLP raised its position in shares of 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 valued at $13,682,000 after buying an additional 147,982 shares during the period. Institutional investors own 96.84% of the company’s stock.

Shares of CBRE Group, Inc. (CBG) opened at 36.13 on Wednesday. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 17.63 and a beta of 1.83. CBRE Group, Inc. has a 52-week low of $25.40 and a 52-week high of $38.99. The firm’s 50-day moving average is $37.10 and its 200 day moving average is $35.21.

CBRE Group (NYSE:CBG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the firm posted $0.52 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts expect that CBRE Group, Inc. will post $2.58 EPS for the current year.

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CBG has been the subject of several research reports. Wedbush reiterated an “outperform” rating and issued a $38.00 target price on shares of CBRE Group in a research report on Wednesday, August 2nd. Barclays PLC upped their target price 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. UBS AG initiated coverage on shares of CBRE Group in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 target price for the company. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Friday, July 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 target price on shares of CBRE Group in a research report on Tuesday, May 30th. 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 stock. The company has an average rating of “Hold” and an average price target of $39.60.

In other news, insider Robert E. Sulentic sold 90,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $35.91, for a total value of $3,231,900.00. Following the sale, the insider now directly owns 833,590 shares in the company, valued at approximately $29,934,216.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gil Borok sold 25,627 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $37.33, for a total transaction of $956,655.91. Following the completion of the sale, the chief financial officer now owns 76,651 shares in the company, valued at $2,861,381.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,627 shares of company stock worth $6,054,206. Insiders own 1.00% of the company’s stock.

About CBRE Group

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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