Advisors Asset Management Inc. Has $1,122,000 Position in CBRE Group Inc. (CBG)
Advisors Asset Management Inc. increased its stake in shares of CBRE Group Inc. (NYSE:CBG) by 26.7% during the second quarter, Holdings Channel reports. The firm owned 42,357 shares of the company’s stock after buying an additional 8,915 shares during the period. Advisors Asset Management Inc.’s holdings in CBRE Group were worth $1,122,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in CBG. Trust Department MB Financial Bank N A increased its position in shares of CBRE Group by 252.9% in the second quarter. Trust Department MB Financial Bank N A now owns 2,922 shares of the company’s stock valued at $108,000 after buying an additional 2,094 shares during the last quarter. Assetmark Inc. increased its position in shares of CBRE Group by 56.1% in the second quarter. Assetmark Inc. now owns 4,515 shares of the company’s stock valued at $120,000 after buying an additional 1,622 shares during the last quarter. IFP Advisors Inc increased its position in shares of CBRE Group by 10.7% in the first quarter. IFP Advisors Inc now owns 4,935 shares of the company’s stock valued at $142,000 after buying an additional 476 shares during the last quarter. Huntington National Bank increased its position in shares of CBRE Group by 340.3% in the second quarter. Huntington National Bank now owns 6,631 shares of the company’s stock valued at $176,000 after buying an additional 5,125 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its position in shares of CBRE Group by 2.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 7,641 shares of the company’s stock valued at $182,000 after buying an additional 210 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.
Shares of CBRE Group Inc. (NYSE:CBG) traded up 0.14% during trading on Tuesday, hitting $28.74. The stock had a trading volume of 1,631,293 shares. The firm has a market cap of $9.63 billion, a P/E ratio of 18.20 and a beta of 1.94. CBRE Group Inc. has a 12-month low of $22.74 and a 12-month high of $38.49. The firm has a 50 day moving average price of $29.19 and a 200 day moving average price of $28.79.
CBRE Group (NYSE:CBG) last released its earnings results on Thursday, July 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. CBRE Group had a return on equity of 26.58% and a net margin of 4.28%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the prior year, the firm earned $0.42 EPS. The firm’s revenue was up 34.2% on a year-over-year basis. On average, equities analysts expect that CBRE Group Inc. will post $2.22 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded CBRE Group from a “hold” rating to a “sell” rating in a research report on Monday, July 18th.
In other CBRE Group news, insider Calvin W. Frese, Jr. sold 11,674 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $29.57, for a total transaction of $345,200.18. Following the sale, the insider now directly owns 344,553 shares of the company’s stock, valued at approximately $10,188,432.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James R. Groch sold 20,000 shares of the stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $30.00, for a total value of $600,000.00. Following the sale, the chief financial officer now directly owns 538,281 shares in the company, valued at $16,148,430. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
CBRE Group Company Profile
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company is 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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