CBRE Group, Inc. (CBG) Holdings Increased by Nordea Investment Management AB

Nordea Investment Management AB raised its position in CBRE Group, Inc. (NYSE:CBG) by 615.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,886 shares of the financial services provider’s stock after acquiring an additional 94,530 shares during the quarter. Nordea Investment Management AB’s holdings in CBRE Group were worth $4,162,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in 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 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 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. FMR LLC increased its position in 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. Finally, Principal Financial Group Inc. increased its position in CBRE Group by 5.8% during the second quarter. Principal Financial Group Inc. now owns 10,568,915 shares of the financial services provider’s stock worth $384,708,000 after acquiring an additional 575,408 shares during the period. Institutional investors own 95.00% of the company’s stock.

CBG has been the topic of several recent analyst reports. Bank of America raised their target price on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, November 6th. Barclays raised their target price on shares of CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. Finally, BidaskClub lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $40.33.

In other news, insider Valueact Capital Master Fund, sold 5,500,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $35.90, for a total value of $197,450,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert E. Sulentic sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $43.16, for a total transaction of $1,942,200.00. Following the completion of the transaction, the insider now owns 637,971 shares in the company, valued at approximately $27,534,828.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,526,111 shares of company stock worth $326,453,913. 1.00% of the stock is owned by corporate insiders.

Shares of CBRE Group, Inc. (NYSE CBG) opened at $43.19 on Friday. 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, Inc. has a 1-year low of $29.45 and a 1-year high of $43.54. The stock has a market cap of $14,661.23, a P/E ratio of 16.30, a P/E/G ratio of 1.25 and a beta of 1.86.

CBRE Group (NYSE:CBG) last posted its earnings results on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.45 billion. During the same period last year, the company earned $0.50 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. research analysts anticipate that CBRE Group, Inc. will post 2.67 earnings per share for the current fiscal year.

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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.

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

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