RiverPark Advisors LLC Sells 1,294 Shares of CBRE Group, Inc. (CBG)
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.
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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.
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