CBRE Group Inc (CBG) Shares Sold by Sarasin & Partners LLP
Sarasin & Partners LLP lessened its holdings in shares of CBRE Group Inc (NYSE:CBG) by 31.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,273 shares of the financial services provider’s stock after selling 22,595 shares during the period. Sarasin & Partners LLP’s holdings in CBRE Group were worth $2,091,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of CBG. Invictus RG acquired a new stake in shares of CBRE Group during the 3rd quarter worth about $104,000. Fieldpoint Private Securities LLC acquired a new stake in shares of CBRE Group during the 3rd quarter worth about $104,000. BB&T Investment Services Inc. acquired a new stake in shares of CBRE Group during the 2nd quarter worth about $125,000. Cerebellum GP LLC acquired a new stake in shares of CBRE Group during the 4th quarter worth about $127,000. Finally, Zions Bancorporation raised its position in shares of CBRE Group by 5,136.8% during the 3rd quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 3,493 shares in the last quarter. 94.66% of the stock is currently owned by institutional investors and hedge funds.
In other CBRE Group news, Director Holdings L.P. Valueact sold 600,000 shares of CBRE Group stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $42.57, for a total transaction of $25,542,000.00. Following the transaction, the director now owns 267,446 shares of the company’s stock, valued at $11,385,176.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederic V. Malek sold 6,900 shares of CBRE Group stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $43.28, for a total value of $298,632.00. Following the transaction, the director now directly owns 267,446 shares in the company, valued at approximately $11,575,062.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,960,687 shares of company stock worth $126,486,405. 1.00% of the stock is currently owned by corporate insiders.
CBRE Group Inc (NYSE:CBG) opened at $41.90 on Friday. The company has a market capitalization of $14,230.13, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.04 and a beta of 1.83. CBRE Group Inc has a 12-month low of $30.86 and a 12-month high of $46.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 1.08.
CBRE Group (NYSE:CBG) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. equities analysts expect that CBRE Group Inc will post 3.1 EPS for the current year.
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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.
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