Wells Fargo & Company MN lessened its stake in CBRE Group, Inc. (NYSE:CBG) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,187,536 shares of the financial services provider’s stock after selling 458,355 shares during the quarter. Wells Fargo & Company MN owned approximately 2.13% of CBRE Group worth $272,262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Sentry Investment Management LLC grew its holdings in shares of CBRE Group by 0.3% during the second quarter. Sentry Investment Management LLC now owns 21,861 shares of the financial services provider’s stock worth $796,000 after buying an additional 59 shares in the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of CBRE Group by 0.7% during the second quarter. Wetherby Asset Management Inc. now owns 13,970 shares of the financial services provider’s stock worth $509,000 after buying an additional 93 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of CBRE Group by 1.4% during the second quarter. Ameritas Investment Partners Inc. now owns 7,240 shares of the financial services provider’s stock worth $263,000 after buying an additional 99 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of CBRE Group by 0.4% during the second quarter. CIBC Asset Management Inc now owns 29,272 shares of the financial services provider’s stock worth $1,066,000 after buying an additional 113 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of CBRE Group by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the financial services provider’s stock worth $681,000 after buying an additional 200 shares in the last quarter. 95.00% of the stock is owned by institutional investors.

In other CBRE Group news, Director Frederic V. Malek sold 19,379 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $42.89, for a total value of $831,165.31. Following the transaction, the director now owns 267,446 shares of the company’s stock, valued at $11,470,758.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederic V. Malek sold 50,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $42.87, for a total transaction of $2,143,500.00. Following the completion of the transaction, the director now directly owns 267,446 shares in the company, valued at approximately $11,465,410.02. The disclosure for this sale can be found here. Insiders sold 8,481,111 shares of company stock worth $324,511,713 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Shares of CBRE Group, Inc. (CBG) opened at $42.99 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28. CBRE Group, Inc. has a 1-year low of $28.91 and a 1-year high of $43.47. The stock has a market cap of $14,590.00, a PE ratio of 16.13, a P/E/G ratio of 1.23 and a beta of 1.83.

CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.10. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the prior year, the firm posted $0.50 earnings per share. CBRE Group’s quarterly revenue was up 11.2% on a year-over-year basis. research analysts expect that CBRE Group, Inc. will post 2.67 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. BidaskClub lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Wedbush reissued an “outperform” rating and issued a $38.00 price objective on shares of CBRE Group in a report on Wednesday, August 2nd. Barclays upped their price objective on shares of CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. Finally, Bank of America upped their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.33.

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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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