Ycg LLC boosted its position in shares of CBRE Group, Inc. (NYSE:CBG) by 9.4% during the second quarter, Holdings Channel reports. The institutional investor owned 8,967 shares of the financial services provider’s stock after buying an additional 772 shares during the period. Ycg LLC’s holdings in CBRE Group were worth $326,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of CBRE Group by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,547,180 shares of the financial services provider’s stock worth $48,719,000 after buying an additional 7,067 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of CBRE Group by 84.9% in the fourth quarter. AQR Capital Management LLC now owns 171,763 shares of the financial services provider’s stock worth $5,409,000 after buying an additional 78,847 shares in the last quarter. Pekin Singer Strauss Asset Management IL purchased a new stake in shares of CBRE Group during the fourth quarter worth approximately $629,000. UBS Asset Management Americas Inc. raised its stake in shares of CBRE Group by 1.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 723,491 shares of the financial services provider’s stock worth $22,783,000 after buying an additional 8,271 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of CBRE Group by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 430,612 shares of the financial services provider’s stock worth $13,560,000 after buying an additional 11,786 shares in the last quarter. Hedge funds and other institutional investors own 96.11% of the company’s stock.
CBRE Group, Inc. (NYSE CBG) traded down 0.65% during midday trading on Monday, reaching $36.92. The company’s stock had a trading volume of 1,615,128 shares. CBRE Group, Inc. has a 12-month low of $25.40 and a 12-month high of $37.47. The stock has a market cap of $12.44 billion, a P/E ratio of 20.19 and a beta of 1.83. The stock’s 50 day moving average is $34.98 and its 200 day moving average is $33.86.
CBRE Group (NYSE:CBG) last released its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.33 by $0.10. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.91 billion. CBRE Group had a return on equity of 26.31% and a net margin of 4.69%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. Analysts anticipate that CBRE Group, Inc. will post $2.42 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “CBRE Group, Inc. (CBG) Position Boosted by Ycg LLC” was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.com-unik.info/2017/07/17/cbre-group-inc-cbg-position-boosted-by-ycg-llc.html.
CBG has been the topic of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $38.00 target price on shares of CBRE Group in a research report on Monday, April 17th. Zacks Investment Research lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. 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.
In other CBRE Group news, CEO William F. Concannon sold 15,000 shares of CBRE Group stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $36.57, for a total value of $548,550.00. Following the transaction, the chief executive officer now directly owns 238,376 shares in the company, valued at approximately $8,717,410.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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.
Want to see what other hedge funds are holding CBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group, Inc. (NYSE:CBG).
What are top analysts saying about CBRE Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CBRE Group Inc. and related companies.