Trillium Asset Management LLC Has $13,700,000 Position in CBRE Group Inc. (CBG)
Trillium Asset Management LLC raised its stake in CBRE Group Inc. (NYSE:CBG) by 4.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 517,363 shares of the company’s stock after buying an additional 21,257 shares during the period. Trillium Asset Management LLC’s holdings in CBRE Group were worth $13,700,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in CBRE Group by 0.7% in the first quarter. State Street Corp now owns 12,402,038 shares of the company’s stock valued at $357,425,000 after buying an additional 88,054 shares during the period. JPMorgan Chase & Co. raised its position in CBRE Group by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 11,094,389 shares of the company’s stock valued at $319,740,000 after buying an additional 69,347 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in CBRE Group by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,729,996 shares of the company’s stock valued at $222,778,000 after buying an additional 72,537 shares during the period. TimesSquare Capital Management LLC raised its position in CBRE Group by 33.5% in the first quarter. TimesSquare Capital Management LLC now owns 3,471,600 shares of the company’s stock valued at $100,052,000 after buying an additional 870,900 shares during the period. Finally, Prudential Financial Inc. raised its position in CBRE Group by 3.1% in the first quarter. Prudential Financial Inc. now owns 2,773,645 shares of the company’s stock valued at $79,936,000 after buying an additional 84,330 shares during the period. Hedge funds and other institutional investors own 95.71% of the company’s stock.
CBRE Group Inc. (NYSE:CBG) traded down 0.86% during trading on Tuesday, reaching $27.62. 1,949,126 shares of the company’s stock traded hands. CBRE Group Inc. has a 12 month low of $22.74 and a 12 month high of $38.49. The company has a market cap of $9.25 billion, a P/E ratio of 17.49 and a beta of 2.00. The firm’s 50 day moving average is $28.94 and its 200 day moving average is $28.87.
CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.19 billion. CBRE Group had a net margin of 4.28% and a return on equity of 26.58%. The company’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. Analysts anticipate that CBRE Group Inc. will post $2.22 EPS for the current year.
Separately, Zacks Investment Research lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Monday, July 18th.
In other news, CFO James R. Groch sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $30.00, for a total transaction of $600,000.00. Following the transaction, the chief financial officer now directly owns 538,281 shares in the company, valued at $16,148,430. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Holdings L.P. Valueact bought 2,200 shares of CBRE Group stock in a transaction dated Wednesday, August 3rd. The shares were bought at an average price of $28.40 per share, for a total transaction of $62,480.00. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.
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.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.