GSA Capital Partners LLP increased its position in shares of CBRE Group Inc. (NYSE:CBG) by 50.9% during the second quarter, Holdings Channel reports. The institutional investor owned 14,646 shares of the company’s stock after buying an additional 4,943 shares during the period. GSA Capital Partners LLP’s holdings in CBRE Group were worth $388,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in CBRE Group during the fourth quarter worth approximately $87,172,000. Chevy Chase Trust Holdings Inc. increased its position in CBRE Group by 4.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 245,363 shares of the company’s stock worth $7,071,000 after buying an additional 10,492 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in CBRE Group by 15.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,237 shares of the company’s stock worth $2,053,000 after buying an additional 9,304 shares in the last quarter. Exxonmobil Investment Management Inc. TX increased its position in CBRE Group by 8.6% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 70,800 shares of the company’s stock worth $2,040,000 after buying an additional 5,636 shares in the last quarter. Finally, Apex Capital Management increased its position in CBRE Group by 0.9% in the first quarter. Apex Capital Management now owns 2,190,484 shares of the company’s stock worth $63,130,000 after buying an additional 20,351 shares in the last quarter. 95.70% of the stock is owned by institutional investors.
CBRE Group Inc. (NYSE:CBG) traded up 1.98% during trading on Thursday, hitting $29.31. The stock had a trading volume of 2,100,994 shares. The company’s 50-day moving average is $29.20 and its 200 day moving average is $28.79. The firm has a market cap of $9.82 billion, a PE ratio of 18.56 and a beta of 1.94. CBRE Group Inc. has a 52 week low of $22.74 and a 52 week high of $38.49.
CBRE Group (NYSE:CBG) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The business earned $3.20 billion during the quarter, compared to analyst estimates of $3.19 billion. CBRE Group had a return on equity of 26.58% and a net margin of 4.28%. The firm’s revenue was up 34.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. Equities analysts expect that CBRE Group Inc. will post $2.22 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Monday, July 18th.
In related news, insider Valueact Capital Master Fund, acquired 1,502,200 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average cost of $28.31 per share, with a total value of $42,527,282.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James R. Groch sold 20,000 shares of CBRE Group stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the completion of the transaction, the chief financial officer now directly owns 538,281 shares in the company, valued at $16,148,430. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
CBRE Group Company Profile
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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