CBRE Group Inc (CBG) Shares Bought by TD Asset Management Inc.
TD Asset Management Inc. increased its stake in CBRE Group Inc (NYSE:CBG) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 110,602 shares of the financial services provider’s stock after buying an additional 970 shares during the period. TD Asset Management Inc.’s holdings in CBRE Group were worth $3,848,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Community Bank & Trust Waco Texas increased its stake in CBRE Group by 36.0% in the third quarter. Community Bank & Trust Waco Texas now owns 33,213 shares of the financial services provider’s stock valued at $929,000 after buying an additional 8,785 shares in the last quarter. Hosking Partners LLP increased its stake in CBRE Group by 13.8% in the third quarter. Hosking Partners LLP now owns 2,221,113 shares of the financial services provider’s stock valued at $62,147,000 after buying an additional 269,288 shares in the last quarter. Telos Capital Management Inc. increased its stake in CBRE Group by 1.4% in the third quarter. Telos Capital Management Inc. now owns 76,555 shares of the financial services provider’s stock valued at $2,142,000 after buying an additional 1,030 shares in the last quarter. Progressive Investment Management Corp increased its stake in CBRE Group by 3.8% in the third quarter. Progressive Investment Management Corp now owns 76,570 shares of the financial services provider’s stock valued at $2,142,000 after buying an additional 2,823 shares in the last quarter. Finally, Cantillon Capital Management LLC increased its stake in CBRE Group by 15.1% in the third quarter. Cantillon Capital Management LLC now owns 8,490,762 shares of the financial services provider’s stock valued at $237,571,000 after buying an additional 1,115,818 shares in the last quarter. 95.98% of the stock is currently owned by institutional investors.
CBRE Group Inc (NYSE:CBG) traded down 0.03% during mid-day trading on Friday, reaching $34.39. 1,160,255 shares of the company’s stock traded hands. The stock’s 50 day moving average is $34.53 and its 200-day moving average is $32.86. The stock has a market capitalization of $11.59 billion, a PE ratio of 18.80 and a beta of 1.70. CBRE Group Inc has a 52 week low of $24.11 and a 52 week high of $36.81.
CBRE Group (NYSE:CBG) last announced its earnings results on Thursday, April 27th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.91 billion. CBRE Group had a net margin of 4.38% and a return on equity of 26.37%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. On average, equities analysts anticipate that CBRE Group Inc will post $2.42 EPS for the current year.
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CBG has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 31st. Wedbush reissued an “outperform” rating and set a $35.00 target price (down previously from $38.00) on shares of CBRE Group in a research report on Wednesday, February 15th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of CBRE Group in a research report on Thursday, March 16th.
In other CBRE Group news, Director Laura D. Tyson sold 3,966 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $36.33, for a total value of $144,084.78. Following the completion of the sale, the director now owns 30,278 shares of the company’s stock, valued at $1,099,999.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.10% 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 operates as 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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