CBRE Group Inc. (CBG) Shares Bought by Northern Capital Management LLC
Northern Capital Management LLC boosted its position in CBRE Group Inc. (NYSE:CBG) by 10.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,575 shares of the company’s stock after buying an additional 4,200 shares during the period. Northern Capital Management LLC’s holdings in CBRE Group were worth $1,207,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Trust Department MB Financial Bank N A boosted its stake in 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 worth $108,000 after buying an additional 2,094 shares during the period. IFP Advisors Inc boosted its stake in CBRE Group by 10.7% in the first quarter. IFP Advisors Inc now owns 4,935 shares of the company’s stock worth $142,000 after buying an additional 476 shares during the period. Integrated Investment Consultants LLC boosted its stake in CBRE Group by 0.8% in the second quarter. Integrated Investment Consultants LLC now owns 8,154 shares of the company’s stock worth $216,000 after buying an additional 62 shares during the period. Parkwood LLC purchased a new stake in CBRE Group during the second quarter worth approximately $247,000. Finally, ING Groep NV purchased a new stake in CBRE Group during the second quarter worth approximately $273,000. Institutional investors and hedge funds own 95.71% of the company’s stock.
CBRE Group Inc. (NYSE:CBG) traded down 0.43% during trading on Monday, hitting $27.86. The company had a trading volume of 2,523,977 shares. The company has a market cap of $9.34 billion, a PE ratio of 17.64 and a beta of 2.00. The company’s 50 day moving average price is $28.94 and its 200-day moving average price is $28.87. CBRE Group Inc. has a 12 month low of $22.74 and a 12 month high of $38.49.
CBRE Group (NYSE:CBG) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. CBRE Group had a net margin of 4.28% and a return on equity of 26.58%. The firm earned $3.20 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the company earned $0.42 EPS. The firm’s revenue was up 34.2% on a year-over-year basis. Equities analysts expect that CBRE Group Inc. will post $2.22 earnings per share for the current year.
Separately, Zacks Investment Research upgraded CBRE Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th.
In other CBRE Group news, insider Calvin W. Frese, Jr. sold 11,674 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $29.57, for a total value of $345,200.18. Following the completion of the transaction, the insider now directly owns 344,553 shares of the company’s stock, valued at approximately $10,188,432.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Valueact Capital Master Fund, acquired 1,502,200 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was purchased at an average cost of $28.31 per share, with a total value of $42,527,282.00. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.
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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