OLD National Bancorp IN trimmed its holdings in shares of CBRE Group, Inc. (NYSE:CBG) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,980 shares of the financial services provider’s stock after selling 1,575 shares during the period. OLD National Bancorp IN’s holdings in CBRE Group were worth $1,287,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted 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 valued at $1,059,662,000 after buying an additional 1,289,368 shares in the last quarter. BlackRock Inc. lifted 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 valued at $747,911,000 after buying an additional 1,175,336 shares in the last quarter. JPMorgan Chase & Co. lifted 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 valued at $467,693,000 after buying an additional 1,006,321 shares in the last quarter. FMR LLC lifted 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 valued at $394,500,000 after buying an additional 1,040,182 shares in the last quarter. Finally, Principal Financial Group Inc. lifted 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 valued at $384,708,000 after buying an additional 575,408 shares in the last quarter. 95.64% of the stock is currently owned by hedge funds and other institutional investors.

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In other CBRE Group news, insider Calvin W. Frese, Jr. sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $40.04, for a total transaction of $1,001,000.00. Following the completion of the sale, the insider now owns 246,473 shares of the company’s stock, valued at $9,868,778.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gil Borok sold 25,627 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $37.33, for a total value of $956,655.91. Following the sale, the chief financial officer now directly owns 76,651 shares of the company’s stock, valued at approximately $2,861,381.83. The disclosure for this sale can be found here. In the last three months, insiders sold 5,732,094 shares of company stock valued at $206,038,877. 1.00% of the stock is currently owned by company insiders.

CBRE Group, Inc. (NYSE CBG) opened at 39.36 on Wednesday. CBRE Group, Inc. has a 12 month low of $25.40 and a 12 month high of $40.35. The firm’s 50-day moving average is $38.50 and its 200-day moving average is $36.51. The firm has a market capitalization of $13.26 billion, a PE ratio of 19.21 and a beta of 1.82.

CBG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 price target on shares of CBRE Group in a research report on Friday, July 21st. Barclays PLC lifted their price target on shares of CBRE Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, July 7th. UBS AG initiated coverage on shares of CBRE Group in a research report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price target on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $38.00 price target on shares of CBRE Group in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.60.

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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