CBRE Group Inc (CBG) Position Maintained by NN Investment Partners Holdings N.V.
NN Investment Partners Holdings N.V. held its stake in CBRE Group Inc (NYSE:CBG) during the first quarter, Holdings Channel reports. The fund owned 11,614 shares of the financial services provider’s stock at the end of the first quarter. NN Investment Partners Holdings N.V.’s holdings in CBRE Group were worth $404,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in CBRE Group during the first quarter worth $116,000. Parallel Advisors LLC purchased a new position in shares of CBRE Group during the fourth quarter worth about $117,000. Pettee Investors Inc. purchased a new position in shares of CBRE Group during the first quarter worth about $203,000. Cutter & CO Brokerage Inc. purchased a new position in shares of CBRE Group during the fourth quarter worth about $210,000. Finally, Smith Salley & Associates purchased a new position in shares of CBRE Group during the first quarter worth about $227,000. 95.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CBRE Group Inc (NYSE:CBG) traded down 0.25% during trading on Friday, reaching $35.47. 1,707,039 shares of the company were exchanged. CBRE Group Inc has a 1-year low of $24.11 and a 1-year high of $36.81. The firm has a market capitalization of $11.95 billion, a P/E ratio of 19.39 and a beta of 1.70. The firm’s 50 day moving average is $34.81 and its 200 day moving average is $33.12.
CBRE Group (NYSE:CBG) last posted its earnings results on Thursday, April 27th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.10. CBRE Group had a return on equity of 26.37% and a net margin of 4.38%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts anticipate that CBRE Group Inc will post $2.43 EPS for the current fiscal year.
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A number of brokerages recently issued reports on CBG. Zacks Investment Research cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Wedbush reiterated an “outperform” rating and issued a $38.00 price target on shares of CBRE Group in a research note on Monday, April 17th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 price target on shares of CBRE Group in a research note on Tuesday.
In other CBRE Group news, Director Laura D. Tyson sold 3,966 shares of CBRE Group stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $36.33, for a total value of $144,084.78. Following the transaction, the director now owns 30,278 shares in the company, valued at $1,099,999.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.
CBRE Group Company Profile
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as 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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