Seven Bridges Advisors LLC increased its stake in CBRE Group, Inc. (NYSE:CBG) by 26.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,857 shares of the financial services provider’s stock after buying an additional 11,549 shares during the period. CBRE Group makes up approximately 1.8% of Seven Bridges Advisors LLC’s investment portfolio, making the stock its 9th largest position. Seven Bridges Advisors LLC’s holdings in CBRE Group were worth $1,997,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cleararc Capital Inc. raised its position in shares of CBRE Group by 0.8% in the first quarter. Cleararc Capital Inc. now owns 7,343 shares of the financial services provider’s stock valued at $255,000 after buying an additional 56 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of CBRE Group by 0.4% in the second quarter. CIBC Asset Management Inc now owns 29,272 shares of the financial services provider’s stock valued at $1,066,000 after buying an additional 113 shares in the last quarter. Advantus Capital Management Inc raised its position in shares of CBRE Group by 0.4% in the first quarter. Advantus Capital Management Inc now owns 30,100 shares of the financial services provider’s stock valued at $1,047,000 after buying an additional 125 shares in the last quarter. Arizona State Retirement System raised its position in shares of CBRE Group by 0.3% in the first quarter. Arizona State Retirement System now owns 74,443 shares of the financial services provider’s stock valued at $2,590,000 after buying an additional 200 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of CBRE Group by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the financial services provider’s stock valued at $681,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.

Shares of CBRE Group, Inc. (NYSE:CBG) opened at 37.48 on Tuesday. CBRE Group, Inc. has a 52 week low of $25.40 and a 52 week high of $38.99. The company’s 50-day moving average is $36.73 and its 200 day moving average is $34.80. The stock has a market capitalization of $12.63 billion, a P/E ratio of 18.29 and a beta of 1.83.

CBRE Group (NYSE:CBG) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.12. The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.39 billion. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. CBRE Group’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. On average, equities analysts forecast that CBRE Group, Inc. will post $2.57 EPS for the current fiscal year.

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Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 price objective on shares of CBRE Group in a report on Friday, July 21st. Zacks Investment Research lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Wedbush restated an “outperform” rating and issued a $38.00 price objective on shares of CBRE Group in a report on Monday, April 17th. UBS AG started coverage on shares of CBRE Group in a research note on Wednesday, July 26th. They set a “neutral” rating and a $41.00 target price on the stock. Finally, Barclays PLC upped their target price on shares of CBRE Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $39.40.

In other CBRE Group news, CFO Gil Borok sold 25,627 shares of CBRE Group stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $37.33, for a total transaction of $956,655.91. Following the transaction, the chief financial officer now directly owns 76,651 shares of the company’s stock, valued at $2,861,381.83. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael J. Lafitte sold 15,000 shares of CBRE Group stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $37.02, for a total transaction of $555,300.00. Following the transaction, the insider now directly owns 369,774 shares in the company, valued at $13,689,033.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,627 shares of company stock worth $2,822,306. 1.00% of the stock is currently owned by corporate 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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Institutional Ownership by Quarter for CBRE Group (NYSE:CBG)

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