CBRE Group Inc. (CBG) Director Holdings L.P. Valueact Purchases 300,000 Shares
CBRE Group Inc. (NYSE:CBG) Director Holdings L.P. Valueact acquired 300,000 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was acquired at an average price of $27.15 per share, for a total transaction of $8,145,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
Holdings L.P. Valueact also recently made the following trade(s):
- On Wednesday, November 9th, Holdings L.P. Valueact acquired 450,000 shares of CBRE Group stock. The stock was acquired at an average price of $26.91 per share, for a total transaction of $12,109,500.00.
- On Tuesday, November 8th, Holdings L.P. Valueact acquired 450,000 shares of CBRE Group stock. The stock was acquired at an average price of $26.85 per share, for a total transaction of $12,082,500.00.
CBRE Group Inc. (NYSE:CBG) opened at 27.26 on Thursday. The stock has a market cap of $9.15 billion, a P/E ratio of 18.81 and a beta of 1.80. CBRE Group Inc. has a 52-week low of $22.74 and a 52-week high of $37.79. The firm’s 50-day moving average price is $27.35 and its 200 day moving average price is $28.44.
CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The business earned $3.20 billion during the quarter, compared to the consensus estimate of $3.29 billion. CBRE Group had a return on equity of 25.55% and a net margin of 3.77%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Equities analysts predict that CBRE Group Inc. will post $2.19 earnings per share for the current year.
A number of analysts have weighed in on the company. Zacks Investment Research raised CBRE Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th. Wedbush assumed coverage on CBRE Group in a research report on Wednesday, October 5th. They set an “outperform” rating and a $35.00 price objective for the company.
Several institutional investors have recently modified their holdings of the company. Shufro Rose & Co. LLC acquired a new position in shares of CBRE Group during the third quarter valued at about $369,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in CBRE Group by 4.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 629,593 shares of the company’s stock worth $17,616,000 after buying an additional 28,913 shares during the period. Princeton Alpha Management LP purchased a new stake in CBRE Group during the third quarter worth $272,000. TimesSquare Capital Management LLC increased its stake in CBRE Group by 18.9% in the third quarter. TimesSquare Capital Management LLC now owns 4,256,600 shares of the company’s stock worth $119,100,000 after buying an additional 677,900 shares during the period. Finally, American International Group Inc. boosted its position in CBRE Group by 3.0% in the third quarter. American International Group Inc. now owns 107,752 shares of the company’s stock valued at $3,015,000 after buying an additional 3,089 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.
CBRE Group Company Profile
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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