CBRE Group Inc. (NYSE:CBG) Director Holdings L.P. Valueact acquired 450,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 9th. The shares were acquired at an average price of $26.91 per share, with a total value of $12,109,500.00. The transaction 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 Tuesday, November 8th, Holdings L.P. Valueact bought 450,000 shares of CBRE Group stock. The stock was purchased at an average price of $26.85 per share, with a total value of $12,082,500.00.
  • On Monday, November 7th, Holdings L.P. Valueact bought 300,000 shares of CBRE Group stock. The stock was purchased at an average price of $27.15 per share, with a total value of $8,145,000.00.

CBRE Group Inc. (NYSE:CBG) opened at 27.26 on Thursday. CBRE Group Inc. has a 12 month low of $22.74 and a 12 month high of $37.79. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 18.81 and a beta of 1.80. The company’s 50-day moving average price is $27.35 and its 200 day moving average price is $28.44.

CBRE Group (NYSE:CBG) last released its earnings results on Thursday, October 27th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. The firm earned $3.20 billion during the quarter, compared to analyst estimates of $3.29 billion. CBRE Group had a return on equity of 25.55% and a net margin of 3.77%. CBRE Group’s revenue was up 17.7% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. Analysts predict that CBRE Group Inc. will post $2.19 EPS for the current year.

Insider Buying and Selling by Quarter for CBRE Group (NYSE:CBG)

Several equities research analysts have weighed in on CBG shares. Zacks Investment Research upgraded CBRE Group from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. Wedbush started coverage on CBRE Group in a report on Wednesday, October 5th. They issued an “outperform” rating and a $35.00 target price for the company.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBG. Northwestern Mutual Investment Management Company LLC raised its position in CBRE Group by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 11,133 shares of the company’s stock worth $295,000 after buying an additional 31 shares during the period. Parkwood LLC increased its stake in shares of CBRE Group by 0.4% in the third quarter. Parkwood LLC now owns 9,380 shares of the company’s stock worth $262,000 after buying an additional 42 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of CBRE Group by 0.8% in the second quarter. Integrated Investment Consultants LLC now owns 8,154 shares of the company’s stock worth $216,000 after buying an additional 62 shares during the period. Independent Portfolio Consultants Inc. increased its stake in shares of CBRE Group by 0.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 24,596 shares of the company’s stock worth $688,000 after buying an additional 85 shares during the period. Finally, Argentus Capital Management LLC increased its stake in shares of CBRE Group by 1.3% in the third quarter. Argentus Capital Management LLC now owns 8,521 shares of the company’s stock worth $238,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 95.78% 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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