Mitsubishi UFJ Trust & Banking Corp Has $24.91 Million Position in CBRE Group, Inc. (CBG)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of CBRE Group, Inc. (NYSE:CBG) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 657,495 shares of the financial services provider’s stock after selling 4,953 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.19% of CBRE Group worth $24,906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Strs Ohio increased its stake in shares of CBRE Group by 53.7% in the second quarter. Strs Ohio now owns 17,701 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 6,183 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of CBRE Group by 112.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 20,310 shares of the financial services provider’s stock worth $739,000 after acquiring an additional 10,750 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of CBRE Group by 2.9% in the second quarter. Great West Life Assurance Co. Can now owns 213,745 shares of the financial services provider’s stock worth $7,768,000 after acquiring an additional 5,965 shares during the period. CIBC Asset Management Inc increased its stake in shares of CBRE Group by 0.4% in the second quarter. CIBC Asset Management Inc now owns 29,272 shares of the financial services provider’s stock worth $1,066,000 after acquiring an additional 113 shares during the period. Finally, Sei Investments Co. increased its stake in shares of CBRE Group by 405.4% in the second quarter. Sei Investments Co. now owns 35,127 shares of the financial services provider’s stock worth $1,279,000 after acquiring an additional 28,177 shares during the period. 95.00% of the stock is owned by institutional investors.

Shares of CBRE Group, Inc. (NYSE CBG) opened at $43.55 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. The company has a market cap of $14,803.81, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.26 and a beta of 1.86. CBRE Group, Inc. has a 52-week low of $29.69 and a 52-week high of $44.00.

CBRE Group (NYSE:CBG) last posted its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.10. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.45 billion. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. equities analysts expect that CBRE Group, Inc. will post 2.67 EPS for the current year.

A number of analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Barclays increased their price objective on shares of CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. Finally, BidaskClub lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have assigned 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 price target of $40.33.

In other news, insider Valueact Capital Master Fund, sold 5,500,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $35.90, for a total value of $197,450,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Laurence H. Midler sold 3,139 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $36.00, for a total transaction of $113,004.00. Following the completion of the transaction, the executive vice president now directly owns 90,541 shares in the company, valued at $3,259,476. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,526,111 shares of company stock worth $326,453,913. Insiders own 1.00% of the company’s stock.

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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.

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

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