Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of CBRE Group Inc (NYSE:CBG) by 3.2% during the 4th quarter, Holdings Channel reports. The firm owned 54,849 shares of the financial services provider’s stock after selling 1,810 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CBRE Group were worth $2,376,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CBG. Advisor Group Inc. grew its position in CBRE Group by 6.6% during the 2nd quarter. Advisor Group Inc. now owns 5,480 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 337 shares during the last quarter. Virtu KCG Holdings LLC grew its position in CBRE Group by 19.6% during the 2nd quarter. Virtu KCG Holdings LLC now owns 8,414 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 1,378 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of CBRE Group by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,588,246 shares of the financial services provider’s stock worth $57,816,000 after acquiring an additional 27,854 shares during the period. Stifel Financial Corp lifted its stake in shares of CBRE Group by 7.4% in the 2nd quarter. Stifel Financial Corp now owns 38,846 shares of the financial services provider’s stock worth $1,415,000 after acquiring an additional 2,692 shares during the period. Finally, Macquarie Group Ltd. lifted its stake in shares of CBRE Group by 5.6% in the 2nd quarter. Macquarie Group Ltd. now owns 7,600 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 400 shares during the period. 94.66% of the stock is currently owned by institutional investors.

Shares of CBRE Group Inc (NYSE CBG) opened at $41.90 on Friday. CBRE Group Inc has a 52 week low of $32.30 and a 52 week high of $46.60. The company has a market cap of $14,223.33, a price-to-earnings ratio of 15.46, a PEG ratio of 1.04 and a beta of 1.83. The company has a quick ratio of 1.28, a current ratio of 1.08 and a debt-to-equity ratio of 0.49.

CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The firm had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the business earned $0.93 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. equities research analysts expect that CBRE Group Inc will post 3.08 earnings per share for the current fiscal year.

In related news, insider Valueact Capital Master Fund, sold 882,206 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $42.84, for a total value of $37,793,705.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederic V. Malek sold 6,900 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $43.28, for a total transaction of $298,632.00. Following the completion of the sale, the director now owns 267,446 shares of the company’s stock, valued at approximately $11,575,062.88. The disclosure for this sale can be found here. Insiders sold 2,960,687 shares of company stock valued at $126,486,405 in the last quarter. Company insiders own 1.00% of the company’s stock.

Several analysts have recently commented on CBG shares. Barclays restated a “buy” rating and issued a $47.00 target price on shares of CBRE Group in a research note on Wednesday, December 27th. Zacks Investment Research cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Bank of America raised their target price on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. JMP Securities cut shares of CBRE Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Finally, Evercore ISI started coverage on shares of CBRE Group in a research note on Monday, January 22nd. They issued an “in-line” rating and a $48.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. CBRE Group presently has an average rating of “Buy” and a consensus target price of $45.50.

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

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