GAM Holding AG cut its stake in shares of CBRE Group Inc. (NYSE:CBG) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 249,302 shares of the company’s stock after selling 1,108 shares during the period. GAM Holding AG owned approximately 0.07% of CBRE Group worth $6,975,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CBG. Seven Eight Capital LLC boosted its position in CBRE Group by 1,137.2% in the first quarter. Seven Eight Capital LLC now owns 10,009 shares of the company’s stock worth $288,000 after buying an additional 9,200 shares during the last quarter. Royal Bank of Canada boosted its position in CBRE Group by 22.9% in the first quarter. Royal Bank of Canada now owns 513,589 shares of the company’s stock worth $14,803,000 after buying an additional 95,833 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in CBRE Group by 12.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 44,371 shares of the company’s stock worth $1,279,000 after buying an additional 4,794 shares during the last quarter. First Republic Investment Management Inc. bought a new position in CBRE Group during the first quarter worth $1,736,000. Finally, Integrated Investment Consultants LLC boosted its position in 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 last quarter. 95.44% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for CBRE Group (NYSE:CBG)

CBRE Group Inc. (NYSE:CBG) traded up 0.5243% during midday trading on Tuesday, reaching $29.1822. 955,655 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $27.49 and its 200 day moving average is $28.33. CBRE Group Inc. has a 52 week low of $22.74 and a 52 week high of $37.79. The firm has a market capitalization of $9.80 billion, a P/E ratio of 20.1395 and a beta of 1.80.

CBRE Group (NYSE:CBG) last announced its earnings results on Thursday, October 27th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company earned $3.20 billion during the quarter, compared to analysts’ expectations of $3.29 billion. CBRE Group had a net margin of 3.77% and a return on equity of 25.55%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, analysts expect that CBRE Group Inc. will post $2.19 EPS for the current fiscal year.

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A number of equities analysts recently weighed in on CBG shares. Zacks Investment Research raised shares of CBRE Group from a “sell” rating to a “hold” rating in a research report on Monday, October 31st. Wedbush started coverage on shares of CBRE Group in a research report on Wednesday, October 5th. They set an “outperform” rating and a $35.00 price objective for the company.

In related news, insider Calvin W. Frese, Jr. sold 39,475 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $29.90, for a total value of $1,180,302.50. Following the completion of the sale, the insider now directly owns 298,816 shares in the company, valued at $8,934,598.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Valueact Capital Master Fund, bought 3,836,006 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was bought at an average price of $25.79 per share, with a total value of $98,930,594.74. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

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.

5 Day Chart for NYSE:CBG

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