Old Mutual Global Investors UK Ltd. Has $94.55 Million Holdings in CBRE Group Inc (CBG)
Old Mutual Global Investors UK Ltd. boosted its holdings in shares of CBRE Group Inc (NYSE:CBG) by 89.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,183,187 shares of the financial services provider’s stock after acquiring an additional 1,031,552 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in CBRE Group were worth $94,553,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in CBG. Invictus RG acquired a new stake in CBRE Group during the 3rd quarter worth $104,000. Fieldpoint Private Securities LLC acquired a new stake in CBRE Group during the 3rd quarter worth $104,000. Cerebellum GP LLC acquired a new stake in CBRE Group during the 4th quarter worth $127,000. Zions Bancorporation grew its holdings in CBRE Group by 5,136.8% during the 3rd quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 3,493 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in CBRE Group by 2,138.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the financial services provider’s stock worth $167,000 after acquiring an additional 3,700 shares during the period. 94.44% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have commented on CBG. JMP Securities lowered shares of CBRE Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Evercore ISI began coverage on shares of CBRE Group in a report on Monday, January 22nd. They set an “in-line” rating and a $48.00 target price for the company. ValuEngine raised shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays lifted their target price on shares of CBRE Group from $47.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. CBRE Group has a consensus rating of “Buy” and a consensus price target of $46.56.
CBRE Group Inc (CBG) opened at $43.15 on Tuesday. The firm has a market cap of $14,223.34, a price-to-earnings ratio of 21.26, a PEG ratio of 1.05 and a beta of 1.83. CBRE Group Inc has a 52-week low of $32.30 and a 52-week high of $46.60. The company has a current ratio of 1.08, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49.
CBRE Group (NYSE:CBG) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.12 billion. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. research analysts anticipate that CBRE Group Inc will post 3.08 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.32%.
CBRE Group 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.
Want to see what other hedge funds are holding CBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBRE Group Inc (NYSE:CBG).
Receive News & Ratings for CBRE Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group and related companies with MarketBeat.com's FREE daily email newsletter.