CBRE Group Inc (CBG) Stake Decreased by GSA Capital Partners LLP
GSA Capital Partners LLP lowered its holdings in CBRE Group Inc (NYSE:CBG) by 21.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,271 shares of the financial services provider’s stock after selling 3,299 shares during the quarter. GSA Capital Partners LLP’s holdings in CBRE Group were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Fieldpoint Private Securities LLC purchased a new position in shares of CBRE Group in the third quarter worth $104,000. Invictus RG purchased a new position in shares of CBRE Group in the third quarter worth $104,000. GQG Partners LLC purchased a new position in shares of CBRE Group in the second quarter worth $122,000. BB&T Investment Services Inc. purchased a new position in shares of CBRE Group in the second quarter worth $125,000. Finally, Zions Bancorporation raised its stake in shares of CBRE Group by 5,136.8% in the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 3,493 shares during the last quarter. Hedge funds and other institutional investors own 94.58% of the company’s stock.
In other CBRE Group news, EVP J. Christopher Kirk sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $43.32, for a total transaction of $866,400.00. Following the completion of the sale, the executive vice president now owns 118,162 shares of the company’s stock, valued at $5,118,777.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Valueact Capital Master Fund, sold 882,206 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $42.84, for a total value of $37,793,705.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,024,872 shares of company stock valued at $129,080,441. 1.00% of the stock is owned by company insiders.
Shares of CBRE Group Inc (CBG) opened at $44.05 on Friday. The company has a market capitalization of $15,000.70, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.23 and a beta of 1.87. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. CBRE Group Inc has a 1 year low of $29.69 and a 1 year high of $44.79.
CBRE Group (NYSE:CBG) last posted its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.45 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. CBRE Group’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 earnings per share. equities analysts forecast that CBRE Group Inc will post 2.67 EPS for the current year.
Several research firms have recently weighed in on CBG. Bank of America boosted their price target on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Barclays reiterated a “buy” rating and set a $47.00 price objective on shares of CBRE Group in a research report on Wednesday, December 27th. One 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. The stock has an average rating of “Hold” and an average price target of $41.00.
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CBRE Group 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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