Other large investors have also made changes to their positions in the company. Tributary Capital Management LLC boosted its stake in shares of CBRE Group by 35.0% in the third quarter. Tributary Capital Management LLC now owns 57,460 shares of the company’s stock valued at $1,608,000 after buying an additional 14,910 shares during the last quarter. ValueAct Holdings L.P. boosted its stake in shares of CBRE Group by 5.1% in the third quarter. ValueAct Holdings L.P. now owns 34,620,054 shares of the company’s stock valued at $968,669,000 after buying an additional 1,684,260 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of CBRE Group by 48.2% in the third quarter. Cetera Advisors LLC now owns 12,300 shares of the company’s stock valued at $345,000 after buying an additional 4,000 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new stake in shares of CBRE Group during the third quarter valued at $1,643,000. Finally, Chilton Investment Co. LLC acquired a new stake in shares of CBRE Group during the third quarter valued at $2,505,000. 95.41% of the stock is owned by hedge funds and other institutional investors.
Candriam Luxembourg S.C.A. reduced its stake in CBRE Group, Inc. (NYSE:CBG) by 84.2% during the third quarter, Holdings Channel reports. The fund owned 104,250 shares of the company’s stock after selling 557,537 shares during the period. Candriam Luxembourg S.C.A.’s holdings in CBRE Group were worth $2,917,000 at the end of the most recent reporting period.
Shares of CBRE Group, Inc. (NYSE:CBG) traded up 7.70% during midday trading on Friday, hitting $34.00. 6,707,968 shares of the stock traded hands. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 20.12 and a beta of 1.70. CBRE Group, Inc. has a 52-week low of $24.11 and a 52-week high of $34.94. The stock has a 50-day moving average of $31.08 and a 200-day moving average of $29.39.
CBRE Group (NYSE:CBG) last issued its earnings results on Friday, February 10th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. CBRE Group had a net margin of 3.77% and a return on equity of 25.55%. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. CBRE Group’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts predict that CBRE Group, Inc. will post $2.18 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th.
In other CBRE Group news, CFO James R. Groch sold 30,000 shares of CBRE Group stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of $30.00, for a total transaction of $900,000.00. Following the transaction, the chief financial officer now directly owns 510,483 shares of the company’s stock, valued at $15,314,490. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Lafitte sold 15,000 shares of CBRE Group stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $33.01, for a total transaction of $495,150.00. Following the transaction, the insider now directly owns 323,053 shares in the company, valued at $10,663,979.53. The disclosure for this sale can be found here. Insiders have sold 55,000 shares of company stock worth $1,707,150 over the last ninety days. 1.10% of the stock is owned by insiders.
About CBRE Group
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company is 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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