Macquarie Group Ltd. grew its position in shares of CBRE Group, Inc. (NYSE:CBG) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,600 shares of the financial services provider’s stock after buying an additional 400 shares during the period. Macquarie Group Ltd.’s holdings in CBRE Group were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in CBRE Group by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 29,111,569 shares of the financial services provider’s stock worth $1,059,662,000 after buying an additional 1,289,368 shares during the period. BlackRock Inc. increased its position in CBRE Group by 6.1% during the 2nd quarter. BlackRock Inc. now owns 20,546,977 shares of the financial services provider’s stock worth $747,911,000 after buying an additional 1,175,336 shares during the period. JPMorgan Chase & Co. increased its position in CBRE Group by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,848,701 shares of the financial services provider’s stock worth $467,693,000 after buying an additional 1,006,321 shares during the period. FMR LLC increased its position in CBRE Group by 10.6% during the 2nd quarter. FMR LLC now owns 10,837,894 shares of the financial services provider’s stock worth $394,500,000 after buying an additional 1,040,182 shares during the period. Finally, Principal Financial Group Inc. increased its position in CBRE Group by 5.8% during the 2nd quarter. Principal Financial Group Inc. now owns 10,568,915 shares of the financial services provider’s stock worth $384,708,000 after buying an additional 575,408 shares during the period. Hedge funds and other institutional investors own 95.64% of the company’s stock.

In related news, CEO William F. Concannon sold 25,000 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $39.02, for a total transaction of $975,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Valueact Capital Master Fund, sold 5,500,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $35.90, for a total value of $197,450,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,732,094 shares of company stock worth $206,038,877. 1.00% of the stock is currently owned by corporate insiders.

CBG has been the topic of several recent research reports. Wedbush reiterated an “outperform” rating and set a $38.00 price objective on shares of CBRE Group in a research report on Wednesday, August 2nd. Barclays PLC raised their price target on CBRE Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. UBS AG started coverage on CBRE Group in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price target on the stock. BidaskClub cut CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Zacks Investment Research upgraded 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. CBRE Group currently has a consensus rating of “Hold” and a consensus target price of $39.60.

ILLEGAL ACTIVITY WARNING: “Macquarie Group Ltd. Purchases 400 Shares of CBRE Group, Inc. (CBG)” was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://theolympiareport.com/2017/11/02/macquarie-group-ltd-purchases-400-shares-of-cbre-group-inc-cbg.html.

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.

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

Receive News & Ratings for CBRE Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.