DF Dent & Co. Inc. Buys 215,154 Shares of CBRE Group, Inc. (CBG)

DF Dent & Co. Inc. lifted its stake in shares of CBRE Group, Inc. (NYSE:CBG) by 25.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,066,602 shares of the financial services provider’s stock after acquiring an additional 215,154 shares during the quarter. DF Dent & Co. Inc. owned 0.32% of CBRE Group worth $38,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of CBRE Group by 4.6% during the second quarter. Vanguard Group Inc. now owns 29,111,569 shares of the financial services provider’s stock worth $1,059,662,000 after acquiring an additional 1,289,368 shares during the period. BlackRock Inc. increased its position in shares of CBRE Group by 6.1% during the second quarter. BlackRock Inc. now owns 20,546,977 shares of the financial services provider’s stock worth $747,911,000 after acquiring an additional 1,175,336 shares during the period. JPMorgan Chase & Co. increased its position in shares of CBRE Group by 8.5% during the second quarter. JPMorgan Chase & Co. now owns 12,848,701 shares of the financial services provider’s stock worth $467,693,000 after acquiring an additional 1,006,321 shares during the period. State Street Corp increased its position in shares of CBRE Group by 0.7% during the first quarter. State Street Corp now owns 12,216,341 shares of the financial services provider’s stock worth $425,001,000 after acquiring an additional 88,864 shares during the period. Finally, FMR LLC increased its position in shares of CBRE Group by 10.6% during the second quarter. FMR LLC now owns 10,837,894 shares of the financial services provider’s stock worth $394,500,000 after acquiring an additional 1,040,182 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

CBRE Group, Inc. (NYSE CBG) traded up 0.33% during trading on Tuesday, reaching $38.94. The company had a trading volume of 351,624 shares. The company has a market capitalization of $13.12 billion, a PE ratio of 19.00 and a beta of 1.82. The stock has a 50 day moving average price of $36.90 and a 200-day moving average price of $35.84. CBRE Group, Inc. has a 52-week low of $25.40 and a 52-week high of $39.08.

CBRE Group (NYSE:CBG) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 quarter in the previous year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that CBRE Group, Inc. will post $2.57 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on the company. Barclays PLC upped their price objective on CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. BidaskClub lowered CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Wedbush reaffirmed an “outperform” rating and set a $38.00 price objective on shares of CBRE Group in a research report on Wednesday, August 2nd. UBS AG assumed coverage on CBRE Group in a research report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 price objective on shares of CBRE Group in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. CBRE Group presently has a consensus rating of “Hold” and an average target price of $39.60.

In related news, CFO Gil Borok sold 25,627 shares of CBRE Group stock in a transaction on Friday, August 4th. The shares were sold at an average price of $37.33, for a total transaction of $956,655.91. Following the sale, the chief financial officer now owns 76,651 shares of the company’s stock, valued at approximately $2,861,381.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William F. Concannon sold 20,000 shares of CBRE Group 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 sale, the chief executive officer now directly owns 233,896 shares in the company, valued at approximately $8,909,098.64. The disclosure for this sale can be found here. Insiders have sold a total of 5,715,787 shares of company stock worth $205,347,397 in the last ninety days. 1.00% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for CBRE Group (NYSE:CBG)

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