Mitsubishi UFJ Trust & Banking Corp cut its position in CBRE Group, Inc. (NYSE:CBG) by 0.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 662,448 shares of the financial services provider’s stock after selling 4,726 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.20% of CBRE Group worth $24,113,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CBG. Paloma Partners Management Co boosted its stake 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 stake 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 stake 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 stake 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 stake 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. Institutional investors and hedge funds own 95.66% of the company’s stock.

Shares of CBRE Group, Inc. (NYSE:CBG) opened at 36.34 on Friday. The firm has a market capitalization of $12.25 billion, a PE ratio of 17.74 and a beta of 1.83. CBRE Group, Inc. has a 12-month low of $25.40 and a 12-month high of $38.99. The firm has a 50-day moving average of $36.69 and a 200-day moving average of $35.54.

CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.65 EPS for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $3.39 billion. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts anticipate that CBRE Group, Inc. will post $2.57 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Mitsubishi UFJ Trust & Banking Corp Reduces Stake in CBRE Group, Inc. (CBG)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/03/mitsubishi-ufj-trust-banking-corp-reduces-stake-in-cbre-group-inc-cbg.html.

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

In other CBRE Group news, CEO William F. Concannon sold 15,000 shares of the company’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $36.57, for a total value of $548,550.00. Following the completion of the transaction, the chief executive officer now directly owns 238,376 shares in the company, valued at approximately $8,717,410.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Laurence H. Midler sold 14,614 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 217,648 shares of company stock valued at $7,912,743 over the last 90 days. Company insiders own 1.00% 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.

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

Receive News & Stock Ratings for CBRE Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBRE Group Inc. and related stocks with our FREE daily email newsletter.