CBRE Group Inc. (NYSE:CBG) Director Holdings L.P. Valueact bought 450,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was purchased at an average price of $26.85 per share, for a total transaction of $12,082,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Holdings L.P. Valueact also recently made the following trade(s):

  • On Wednesday, November 9th, Holdings L.P. Valueact bought 450,000 shares of CBRE Group stock. The stock was purchased at an average price of $26.91 per share, for a total transaction of $12,109,500.00.
  • 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, for a total transaction of $8,145,000.00.

Shares of CBRE Group Inc. (NYSE:CBG) opened at 27.64 on Monday. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 19.08 and a beta of 1.80. The firm has a 50-day moving average of $27.27 and a 200 day moving average of $28.41. CBRE Group Inc. has a 52-week low of $22.74 and a 52-week high of $37.79.

CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.29 billion. CBRE Group had a net margin of 3.77% and a return on equity of 25.55%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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 analysts have issued reports on CBG shares. Zacks Investment Research lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. Wedbush started coverage on shares of CBRE Group in a research report on Wednesday, October 5th. They issued an “outperform” rating and a $35.00 price target on the stock.

Several hedge funds have recently made changes to their positions in the company. Trust Department MB Financial Bank N A raised its stake in shares of CBRE Group by 252.9% in the second quarter. Trust Department MB Financial Bank N A now owns 2,922 shares of the company’s stock worth $108,000 after buying an additional 2,094 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of CBRE Group by 9.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,343 shares of the company’s stock worth $115,000 after buying an additional 391 shares in the last quarter. Assetmark Inc. raised its stake in shares of CBRE Group by 56.1% in the second quarter. Assetmark Inc. now owns 4,515 shares of the company’s stock worth $120,000 after buying an additional 1,622 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in shares of CBRE Group by 139.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,801 shares of the company’s stock worth $127,000 after buying an additional 2,800 shares in the last quarter. Finally, Partners Capital Investment Group LLC raised its stake in shares of CBRE Group by 41.0% in the second quarter. Partners Capital Investment Group LLC now owns 4,978 shares of the company’s stock worth $132,000 after buying an additional 1,447 shares in the last quarter. 95.69% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:CBG

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