Segantii Capital Management Ltd continued to hold its stake in CBRE Group, Inc. (NYSE:CBG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,800 shares of the financial services provider’s stock at the end of the second quarter. Segantii Capital Management Ltd’s holdings in CBRE Group were worth $1,048,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Paloma Partners Management Co raised its stake in CBRE Group by 1,236.6% in the first quarter. Paloma Partners Management Co now owns 100,188 shares of the financial services provider’s stock valued at $3,485,000 after buying an additional 92,692 shares during the last quarter. State of Tennessee Treasury Department raised its stake in CBRE Group by 60.2% in the first quarter. State of Tennessee Treasury Department now owns 788,906 shares of the financial services provider’s stock valued at $27,446,000 after buying an additional 296,381 shares during the last quarter. Logan Capital Management Inc. raised its stake in CBRE Group by 1.6% in the first quarter. Logan Capital Management Inc. now owns 239,634 shares of the financial services provider’s stock valued at $8,337,000 after buying an additional 3,885 shares during the last quarter. Legal & General Group Plc raised its stake in CBRE Group by 5.2% in the first quarter. Legal & General Group Plc now owns 1,364,404 shares of the financial services provider’s stock valued at $47,464,000 after buying an additional 67,496 shares during the last quarter. Finally, RWC Asset Management LLP raised its stake in CBRE Group by 60.3% in the first quarter. RWC Asset Management LLP now owns 393,273 shares of the financial services provider’s stock valued at $13,682,000 after buying an additional 147,982 shares during the last quarter. 96.44% of the stock is owned by institutional investors and hedge funds.

CBRE Group, Inc. (NYSE:CBG) opened at 36.88 on Thursday. CBRE Group, Inc. has a 52-week low of $25.40 and a 52-week high of $38.99. The firm has a market cap of $12.43 billion, a price-to-earnings ratio of 18.00 and a beta of 1.83. The firm’s 50-day moving average is $37.06 and its 200-day moving average is $35.03.

CBRE Group (NYSE:CBG) last released its 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 business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.39 billion. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. Analysts forecast that CBRE Group, Inc. will post $2.57 EPS for the current fiscal year.

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Several equities research analysts recently issued reports on CBG shares. Wedbush reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of CBRE Group in a research note on Wednesday, August 2nd. Barclays PLC lifted their price objective on shares of CBRE Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. UBS AG started coverage on shares of CBRE Group in a research note on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price objective for the company. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, July 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $36.00 price objective on shares of CBRE Group in a research note on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.40.

In other CBRE Group news, insider Michael J. Lafitte sold 15,000 shares of the stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $37.02, for a total value of $555,300.00. Following the completion of the sale, the insider now owns 369,774 shares in the company, valued at $13,689,033.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William F. Concannon sold 20,000 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $38.09, for a total transaction of $761,800.00. Following the completion of the sale, the chief executive officer now owns 233,896 shares of the company’s stock, valued at approximately $8,909,098.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,627 shares of company stock valued at $2,822,306. 1.00% 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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Institutional Ownership by Quarter for CBRE Group (NYSE:CBG)

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