Thompson Siegel & Walmsley LLC Has $49.60 Million Position in CBRE Group, Inc. (CBG)

Thompson Siegel & Walmsley LLC lowered its position in shares of CBRE Group, Inc. (NYSE:CBG) by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,309,449 shares of the financial services provider’s stock after selling 148,471 shares during the period. Thompson Siegel & Walmsley LLC owned 0.39% of CBRE Group worth $49,602,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Macquarie Group Ltd. grew its stake in shares of CBRE Group by 357.9% during the third quarter. Macquarie Group Ltd. now owns 34,800 shares of the financial services provider’s stock worth $1,318,000 after purchasing an additional 27,200 shares in the last quarter. Commonwealth Equity Services Inc acquired a new position in shares of CBRE Group during the third quarter worth $202,000. Advisors Asset Management Inc. grew its stake in shares of CBRE Group by 20.2% during the third quarter. Advisors Asset Management Inc. now owns 150,984 shares of the financial services provider’s stock worth $5,719,000 after purchasing an additional 25,415 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of CBRE Group by 24.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 8,303 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 1,612 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of CBRE Group by 2.4% during the third quarter. Comerica Bank now owns 80,945 shares of the financial services provider’s stock worth $3,177,000 after purchasing an additional 1,929 shares in the last quarter. Hedge funds and other institutional investors own 96.11% of the company’s stock.

Shares of CBRE Group, Inc. (NYSE CBG) traded up $0.02 on Tuesday, reaching $42.80. 1,616,800 shares of the company were exchanged, compared to its average volume of 1,970,054. CBRE Group, Inc. has a 52-week low of $28.61 and a 52-week high of $43.35. The stock has a market capitalization of $14,530.00, a PE ratio of 16.14, a PEG ratio of 1.23 and a beta of 1.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66.

CBRE Group (NYSE:CBG) last announced its earnings results on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year. analysts anticipate that CBRE Group, Inc. will post 2.67 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on CBG shares. UBS AG started coverage on shares of CBRE Group in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price target for the company. Bank of America Corporation boosted their price target on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Barclays PLC boosted their price target on shares of CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. Wedbush reissued an “outperform” rating and issued a $38.00 price target on shares of CBRE Group in a research report on Wednesday, August 2nd. Finally, BidaskClub cut shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $40.33.

In other news, insider Calvin W. Frese, Jr. sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $41.01, for a total value of $820,200.00. Following the completion of the sale, the insider now directly owns 201,673 shares of the company’s stock, valued at $8,270,609.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Laurence H. Midler sold 3,139 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $36.00, for a total transaction of $113,004.00. Following the completion of the sale, the executive vice president now directly owns 90,541 shares of the company’s stock, valued at $3,259,476. The disclosure for this sale can be found here. Insiders sold 5,592,324 shares of company stock valued at $201,132,540 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

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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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