Northern Capital Management LLC raised its stake in shares of CBRE Group, Inc. (NYSE:CBG) by 13.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,587 shares of the financial services provider’s stock after buying an additional 11,890 shares during the period. CBRE Group comprises about 1.2% of Northern Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Northern Capital Management LLC’s holdings in CBRE Group were worth $3,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CBG. Janus Henderson Group PLC boosted its stake in shares of CBRE Group by 13,158.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,733,291 shares of the financial services provider’s stock valued at $208,691,000 after buying an additional 5,690,048 shares during the period. Alliancebernstein L.P. lifted its stake in shares of CBRE Group by 273.3% in the 2nd quarter. Alliancebernstein L.P. now owns 3,275,845 shares of the financial services provider’s stock valued at $119,241,000 after purchasing an additional 2,398,384 shares during the last quarter. AJO LP lifted its stake in shares of CBRE Group by 314.1% in the 2nd quarter. AJO LP now owns 2,887,891 shares of the financial services provider’s stock valued at $105,119,000 after purchasing an additional 2,190,476 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of CBRE Group by 123.2% in the 2nd quarter. Prudential Financial Inc. now owns 3,626,928 shares of the financial services provider’s stock valued at $132,020,000 after purchasing an additional 2,002,209 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of CBRE Group by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 29,111,569 shares of the financial services provider’s stock valued at $1,059,662,000 after purchasing an additional 1,289,368 shares during the last quarter. 95.64% of the stock is owned by institutional investors.

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In other CBRE Group news, insider Calvin W. Frese, Jr. sold 25,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $40.04, for a total value of $1,001,000.00. Following the completion of the sale, the insider now owns 246,473 shares in the company, valued at $9,868,778.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Calvin W. Frese, Jr. sold 11,307 shares of the stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $40.00, for a total transaction of $452,280.00. Following the completion of the sale, the insider now owns 246,473 shares of the company’s stock, valued at approximately $9,858,920. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,732,094 shares of company stock valued at $206,038,877. Corporate insiders own 1.00% of the company’s stock.

CBRE Group, Inc. (NYSE CBG) traded up 0.03% during midday trading on Tuesday, hitting $39.25. 566,110 shares of the company traded hands. The firm has a market capitalization of $13.23 billion, a PE ratio of 19.16 and a beta of 1.82. CBRE Group, Inc. has a 12-month low of $25.40 and a 12-month high of $40.35. The stock’s 50-day moving average is $38.43 and its 200-day moving average is $36.49.

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

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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