GAM Holding AG Has $6,975,000 Position in CBRE Group Inc. (CBG)
GAM Holding AG decreased its stake in CBRE Group Inc. (NYSE:CBG) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 249,302 shares of the company’s stock after selling 1,108 shares during the period. GAM Holding AG’s holdings in CBRE Group were worth $6,975,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in CBG. Trillium Asset Management LLC boosted its position in CBRE Group by 4.3% in the second quarter. Trillium Asset Management LLC now owns 517,363 shares of the company’s stock worth $13,700,000 after buying an additional 21,257 shares during the last quarter. Retirement Systems of Alabama boosted its position in CBRE Group by 3.7% in the second quarter. Retirement Systems of Alabama now owns 548,778 shares of the company’s stock worth $14,532,000 after buying an additional 19,774 shares during the last quarter. Evercore Wealth Management LLC boosted its position in CBRE Group by 1.7% in the second quarter. Evercore Wealth Management LLC now owns 1,660,956 shares of the company’s stock worth $43,982,000 after buying an additional 27,553 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in CBRE Group by 6.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 75,540 shares of the company’s stock worth $2,000,000 after buying an additional 4,740 shares during the last quarter. Finally, Herndon Capital Management LLC boosted its position in CBRE Group by 26.0% in the second quarter. Herndon Capital Management LLC now owns 1,902,031 shares of the company’s stock worth $50,365,000 after buying an additional 392,678 shares during the last quarter. Institutional investors own 95.44% of the company’s stock.
Shares of CBRE Group Inc. (NYSE:CBG) traded up 0.5243% during mid-day trading on Tuesday, hitting $29.1822. 955,655 shares of the company’s stock were exchanged. CBRE Group Inc. has a 52 week low of $22.74 and a 52 week high of $37.79. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 20.1395 and a beta of 1.80. The firm has a 50 day moving average price of $27.49 and a 200-day moving average price of $28.33.
CBRE Group (NYSE:CBG) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. CBRE Group had a return on equity of 25.55% and a net margin of 3.77%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. On average, equities analysts anticipate that CBRE Group Inc. will post $2.19 EPS for the current year.
Several analysts recently issued reports on CBG shares. Zacks Investment Research raised shares of CBRE Group from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Wedbush started coverage on shares of CBRE Group in a report on Wednesday, October 5th. They issued an “outperform” rating and a $35.00 price target on the stock.
In other CBRE Group news, insider Calvin W. Frese, Jr. sold 39,475 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $29.90, for a total transaction of $1,180,302.50. Following the transaction, the insider now owns 298,816 shares in the company, valued at $8,934,598.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Laurence H. Midler sold 11,867 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $29.93, for a total value of $355,179.31. Following the transaction, the executive vice president now owns 115,926 shares in the company, valued at approximately $3,469,665.18. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate 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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