OMERS ADMINISTRATION Corp Has $204,481,000 Position in CBRE Group, Inc. (CBG)
OMERS ADMINISTRATION Corp maintained its stake in CBRE Group, Inc. (NYSE:CBG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,617,598 shares of the financial services provider’s stock at the end of the second quarter. CBRE Group accounts for 2.6% of OMERS ADMINISTRATION Corp’s portfolio, making the stock its 9th largest position. OMERS ADMINISTRATION Corp owned approximately 1.67% of CBRE Group worth $204,481,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in CBG. Bank of Montreal Can boosted its stake in CBRE Group by 40.0% in the first quarter. Bank of Montreal Can now owns 224,490 shares of the financial services provider’s stock valued at $7,811,000 after buying an additional 64,163 shares in the last quarter. DnB Asset Management AS boosted its stake in CBRE Group by 65.8% in the first quarter. DnB Asset Management AS now owns 35,279 shares of the financial services provider’s stock valued at $1,227,000 after buying an additional 14,000 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in CBRE Group during the first quarter valued at approximately $116,000. Mn Services Vermogensbeheer B.V. boosted its stake in CBRE Group by 5.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,095 shares of the financial services provider’s stock valued at $263,000 after buying an additional 454 shares in the last quarter. Finally, Korea Investment CORP boosted its stake in CBRE Group by 55,759.0% in the first quarter. Korea Investment CORP now owns 198,858 shares of the financial services provider’s stock valued at $6,918,000 after buying an additional 198,502 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.
Shares of CBRE Group, Inc. (NYSE:CBG) traded up 0.62% on Monday, reaching $35.58. The company’s stock had a trading volume of 352,241 shares. The company’s 50 day moving average price is $36.84 and its 200 day moving average price is $35.43. The company has a market cap of $11.99 billion, a P/E ratio of 17.36 and a beta of 1.83. CBRE Group, Inc. has a 12-month low of $25.40 and a 12-month high of $38.99.
CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.12. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.39 billion. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Analysts forecast that CBRE Group, Inc. will post $2.57 EPS for the current fiscal year.
Several equities research analysts recently commented on CBG shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 target price on shares of CBRE Group in a research note on Tuesday, May 30th. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, July 7th. Barclays PLC raised their target price on CBRE Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. UBS AG started coverage on CBRE Group in a research note on Wednesday, July 26th. They set a “neutral” rating and a $41.00 target price for the company. Finally, Wedbush reaffirmed an “outperform” rating and set a $38.00 target price on shares of CBRE Group in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $39.60.
In other CBRE Group news, insider Robert E. Sulentic sold 90,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $35.91, for a total value of $3,231,900.00. Following the completion of the transaction, the insider now owns 833,590 shares in the company, valued at $29,934,216.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William F. Concannon sold 15,000 shares of the company’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $36.57, for a total transaction of $548,550.00. Following the completion of the transaction, the chief executive officer now owns 238,376 shares of the company’s stock, valued at approximately $8,717,410.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 217,648 shares of company stock valued at $7,912,743. Insiders own 1.00% of the company’s stock.
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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