Intrust Bank NA cut its position in shares of CBRE Group, Inc. (NYSE:CBG) by 46.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,499 shares of the financial services provider’s stock after selling 7,344 shares during the period. Intrust Bank NA’s holdings in CBRE Group were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBG. Paloma Partners Management Co boosted its position in CBRE Group by 1,236.6% in the first quarter. Paloma Partners Management Co now owns 100,188 shares of the financial services provider’s stock worth $3,485,000 after buying an additional 92,692 shares during the last quarter. State of Tennessee Treasury Department boosted its position in CBRE Group by 60.2% in the first quarter. State of Tennessee Treasury Department now owns 788,906 shares of the financial services provider’s stock worth $27,446,000 after buying an additional 296,381 shares during the last quarter. Logan Capital Management Inc. boosted its position in CBRE Group by 1.6% in the first quarter. Logan Capital Management Inc. now owns 239,634 shares of the financial services provider’s stock worth $8,337,000 after buying an additional 3,885 shares during the last quarter. RWC Asset Management LLP boosted its position in CBRE Group by 60.3% in the first quarter. RWC Asset Management LLP now owns 393,273 shares of the financial services provider’s stock worth $13,682,000 after buying an additional 147,982 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in CBRE Group by 5.2% in the first quarter. Legal & General Group Plc now owns 1,364,404 shares of the financial services provider’s stock worth $47,464,000 after buying an additional 67,496 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

CBRE Group, Inc. (CBG) opened at 35.15 on Wednesday. The firm has a market capitalization of $11.84 billion, a PE ratio of 17.15 and a beta of 1.83. CBRE Group, Inc. has a 52-week low of $25.40 and a 52-week high of $38.99. The stock’s 50 day moving average price is $36.84 and its 200 day moving average price is $35.43.

CBRE Group (NYSE:CBG) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.12. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that CBRE Group, Inc. will post $2.57 EPS for the current fiscal year.

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CBG has been the subject of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $38.00 target price on shares of CBRE Group in a research note on Wednesday, August 2nd. Barclays PLC boosted their target price on CBRE Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. UBS AG initiated coverage on CBRE Group in a research note on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 target price for the company. BidaskClub cut CBRE Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, July 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $39.60.

In other CBRE Group news, EVP Laurence H. Midler sold 14,614 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $35.42, for a total transaction of $517,627.88. Following the completion of the transaction, the executive vice president now owns 111,720 shares of the company’s stock, valued at $3,957,122.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert E. Sulentic sold 90,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $35.91, for a total transaction of $3,231,900.00. Following the transaction, the insider now directly owns 833,590 shares of the company’s stock, valued at approximately $29,934,216.90. The disclosure for this sale can be found here. Insiders have sold 217,648 shares of company stock valued at $7,912,743 in the last ninety days. Insiders own 1.00% 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 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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Institutional Ownership by Quarter for CBRE Group (NYSE:CBG)

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