UBS Asset Management Americas Inc. Increases Stake in CBRE Group Inc. (CBG)
UBS Asset Management Americas Inc. boosted its stake in CBRE Group Inc. (NYSE:CBG) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 733,410 shares of the company’s stock after buying an additional 39,554 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.22% of CBRE Group worth $19,421,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of 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 in 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 in 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 in 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 in 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 in the last quarter. Institutional investors own 95.83% of the company’s stock.
Shares of CBRE Group Inc. (NYSE:CBG) traded up 0.03% on Tuesday, reaching $28.71. The company’s stock had a trading volume of 1,417,905 shares. The company’s 50-day moving average is $29.19 and its 200 day moving average is $28.79. CBRE Group Inc. has a 12-month low of $22.74 and a 12-month high of $38.49. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 18.18 and a beta of 1.94.
CBRE Group (NYSE:CBG) last released its earnings results on Thursday, July 28th. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 34.2% compared to the same quarter last year. Equities analysts anticipate 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 note on Monday, July 18th.
In other news, insider Michael J. Lafitte sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $29.90, for a total value of $747,500.00. Following the completion of the transaction, the insider now owns 338,053 shares in the company, valued at $10,107,784.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Holdings L.P. Valueact purchased 1,212,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was acquired at an average price of $28.28 per share, with a total value of $34,275,360.00. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.
About CBRE Group
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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