Calamos Advisors LLC boosted its stake in shares of CBRE Group, Inc. (NYSE:CBG) by 23.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 205,025 shares of the financial services provider’s stock after buying an additional 39,509 shares during the period. Calamos Advisors LLC owned about 0.06% of CBRE Group worth $7,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Toronto Dominion Bank grew its stake in CBRE Group by 25.6% during the 2nd quarter. Toronto Dominion Bank now owns 101,905 shares of the financial services provider’s stock valued at $3,709,000 after acquiring an additional 20,739 shares in the last quarter. Aviva PLC grew its stake in CBRE Group by 1.5% during the 2nd quarter. Aviva PLC now owns 181,175 shares of the financial services provider’s stock valued at $6,595,000 after acquiring an additional 2,720 shares in the last quarter. Hosking Partners LLP grew its stake in CBRE Group by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 2,425,070 shares of the financial services provider’s stock valued at $88,273,000 after acquiring an additional 38,977 shares in the last quarter. Balyasny Asset Management LLC grew its stake in CBRE Group by 57.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 101,263 shares of the financial services provider’s stock valued at $3,686,000 after acquiring an additional 37,092 shares in the last quarter. Finally, Commonwealth Bank of Australia grew its stake in CBRE Group by 347.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 21,364 shares of the financial services provider’s stock valued at $776,000 after acquiring an additional 16,589 shares in the last quarter. Hedge funds and other institutional investors own 95.64% of the company’s stock.

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In other news, insider Robert E. Sulentic sold 90,000 shares of CBRE Group stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $35.91, for a total transaction of $3,231,900.00. Following the completion of the transaction, the insider now directly owns 833,590 shares in the company, valued at approximately $29,934,216.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Calvin W. Frese, Jr. sold 25,000 shares of CBRE Group stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.04, for a total value of $1,001,000.00. Following the sale, the insider now directly owns 246,473 shares of the company’s stock, valued at $9,868,778.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,732,094 shares of company stock valued at $206,038,877. Corporate insiders own 1.00% of the company’s stock.

Shares of CBRE Group, Inc. (CBG) opened at 39.32 on Wednesday. CBRE Group, Inc. has a 52 week low of $25.40 and a 52 week high of $40.35. The company has a 50 day moving average price of $38.50 and a 200 day moving average price of $36.51. The company has a market cap of $13.25 billion, a PE ratio of 19.19 and a beta of 1.82.

Several equities analysts have weighed in on CBG shares. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, July 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 target price on shares of CBRE Group in a research note on Friday, July 21st. 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 on the stock. 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. Finally, Barclays PLC boosted their price target on CBRE Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. CBRE Group currently has an average rating of “Hold” and a consensus price target of $39.60.

CBRE Group 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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