RiverPark Advisors LLC decreased its position in CBRE Group, Inc. (NYSE:CBG) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,951 shares of the financial services provider’s stock after selling 1,294 shares during the quarter. RiverPark Advisors LLC’s holdings in CBRE Group were worth $3,938,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CBG. Invictus RG acquired a new stake in shares of CBRE Group during the third quarter worth approximately $104,000. GQG Partners LLC acquired a new stake in shares of CBRE Group during the second quarter worth approximately $122,000. BB&T Investment Services Inc. acquired a new stake in shares of CBRE Group during the second quarter worth approximately $125,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of CBRE Group during the third quarter worth approximately $193,000. Finally, Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of CBRE Group during the third quarter worth approximately $201,000. 95.00% of the stock is owned by institutional investors.

In other CBRE Group news, insider Valueact Capital Master Fund, sold 846,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $42.60, for a total value of $36,039,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert E. Sulentic sold 45,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $43.16, for a total value of $1,942,200.00. Following the completion of the sale, the insider now owns 637,971 shares in the company, valued at $27,534,828.36. The disclosure for this sale can be found here. Insiders sold 8,526,111 shares of company stock worth $326,453,913 over the last quarter. 1.00% of the stock is currently owned by company insiders.

CBRE Group, Inc. (CBG) opened at $43.55 on Thursday. The company has a market cap of $14,803.81, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.26 and a beta of 1.86. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. CBRE Group, Inc. has a 1-year low of $29.69 and a 1-year high of $44.00.

CBRE Group (NYSE:CBG) last released its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.45 billion. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. equities analysts forecast that CBRE Group, Inc. will post 2.67 EPS for the current year.

CBG has been the subject of a number of recent analyst reports. Bank of America raised their price target on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Barclays raised their price target on shares of CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. Finally, BidaskClub downgraded shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $40.33.

COPYRIGHT VIOLATION NOTICE: “RiverPark Advisors LLC Sells 1,294 Shares of CBRE Group, Inc. (CBG)” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://theolympiareport.com/2017/12/07/riverpark-advisors-llc-sells-1294-shares-of-cbre-group-inc-cbg.html.

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)

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.