CBRE Group, Inc. (NYSE:CBG) insider Valueact Capital Master Fund, sold 5,500,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $35.90, for a total transaction of $197,450,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of CBRE Group, Inc. (NYSE CBG) traded up 0.79% during trading on Tuesday, hitting $36.94. 1,448,249 shares of the stock were exchanged. CBRE Group, Inc. has a 12-month low of $25.40 and a 12-month high of $38.99. The firm has a 50 day moving average of $36.33 and a 200-day moving average of $35.62. The company has a market cap of $12.45 billion, a price-to-earnings ratio of 18.03 and a beta of 1.83.

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

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Paloma Partners Management Co lifted its stake in CBRE Group by 1,236.6% during the first quarter. Paloma Partners Management Co now owns 100,188 shares of the financial services provider’s stock worth $3,485,000 after purchasing an additional 92,692 shares during the last quarter. Logan Capital Management Inc. lifted its stake in CBRE Group by 1.6% during the first quarter. Logan Capital Management Inc. now owns 239,634 shares of the financial services provider’s stock worth $8,337,000 after purchasing an additional 3,885 shares during the last quarter. Aviva PLC lifted its stake in CBRE Group by 1.5% during the second quarter. Aviva PLC now owns 181,175 shares of the financial services provider’s stock worth $6,595,000 after purchasing an additional 2,720 shares during the last quarter. Hosking Partners LLP lifted its stake in CBRE Group by 1.6% during the second quarter. Hosking Partners LLP now owns 2,425,070 shares of the financial services provider’s stock worth $88,273,000 after purchasing an additional 38,977 shares during the last quarter. Finally, RWC Asset Management LLP lifted its stake in CBRE Group by 60.3% during the first quarter. RWC Asset Management LLP now owns 393,273 shares of the financial services provider’s stock worth $13,682,000 after purchasing an additional 147,982 shares during the last quarter. Hedge funds and other institutional investors own 95.64% of the company’s stock.

CBG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $36.00 target price on shares of CBRE Group in a report on Friday, July 21st. Barclays PLC lifted their target price on shares of CBRE Group from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, July 7th. UBS AG initiated coverage on shares of CBRE Group in a report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 target price on the stock. Finally, Wedbush reaffirmed an “outperform” rating and issued a $38.00 target price on shares of CBRE Group in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $39.60.

About CBRE Group

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.

Insider Buying and Selling by Quarter for CBRE Group (NYSE:CBG)

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