Trillium Asset Management LLC Has $13,700,000 Position in CBRE Group Inc. (CBG)
Trillium Asset Management LLC increased its position in shares of CBRE Group Inc. (NYSE:CBG) by 4.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 517,363 shares of the company’s stock after buying an additional 21,257 shares during the period. Trillium Asset Management LLC owned approximately 0.15% of CBRE Group worth $13,700,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. State Street Corp raised its position in shares of CBRE Group by 0.7% in the first quarter. State Street Corp now owns 12,402,038 shares of the company’s stock worth $357,425,000 after buying an additional 88,054 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of CBRE Group by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 11,094,389 shares of the company’s stock worth $319,740,000 after buying an additional 69,347 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of CBRE Group by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,729,996 shares of the company’s stock worth $222,778,000 after buying an additional 72,537 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of CBRE Group by 33.5% in the first quarter. TimesSquare Capital Management LLC now owns 3,471,600 shares of the company’s stock worth $100,052,000 after buying an additional 870,900 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of CBRE Group by 3.1% in the first quarter. Prudential Financial Inc. now owns 2,773,645 shares of the company’s stock worth $79,936,000 after buying an additional 84,330 shares in the last quarter. Hedge funds and other institutional investors own 95.71% of the company’s stock.
Shares of CBRE Group Inc. (NYSE:CBG) traded down 0.86% on Tuesday, hitting $27.62. The company had a trading volume of 1,949,126 shares. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 17.49 and a beta of 2.00. The company has a 50 day moving average of $28.94 and a 200-day moving average of $28.87. CBRE Group Inc. has a 12-month low of $22.74 and a 12-month high of $38.49.
CBRE Group (NYSE:CBG) last announced its earnings results on Thursday, July 28th. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. CBRE Group had a return on equity of 26.58% and a net margin of 4.28%. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the company earned $0.42 earnings per share. The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. On average, analysts forecast that CBRE Group Inc. will post $2.22 earnings per share for the current year.
Separately, Zacks Investment Research raised CBRE Group from a “sell” rating to a “hold” rating in a research note on Thursday, September 8th.
In other CBRE Group news, insider Valueact Capital Master Fund, purchased 1,502,200 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were purchased at an average price of $28.31 per share, for a total transaction of $42,527,282.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Holdings L.P. Valueact purchased 1,212,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was acquired at an average price of $28.28 per share, for a total transaction of $34,275,360.00. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.
About CBRE Group
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company is 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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