Century Capital Management LLC maintained its position in CBRE Group, Inc. (NYSE:CBG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,413 shares of the financial services provider’s stock at the end of the second quarter. CBRE Group makes up approximately 1.2% of Century Capital Management LLC’s holdings, making the stock its 17th biggest holding. Century Capital Management LLC owned approximately 0.06% of CBRE Group worth $6,931,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Paloma Partners Management Co grew its stake in CBRE Group by 1,236.6% in the 1st 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 in the last quarter. State of Tennessee Treasury Department grew its stake in CBRE Group by 60.2% in the 1st 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 in the last quarter. Logan Capital Management Inc. grew its stake in CBRE Group by 1.6% in the 1st 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 in the last quarter. RWC Asset Management LLP grew its stake in CBRE Group by 60.3% in the 1st 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 in the last quarter. Finally, Legal & General Group Plc grew its stake in CBRE Group by 5.2% in the 1st 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 in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Shares of CBRE Group, Inc. (CBG) traded up 0.67% during midday trading on Friday, hitting $36.24. 1,479,466 shares of the stock were exchanged. The company has a market capitalization of $12.21 billion, a P/E ratio of 17.69 and a beta of 1.83. The firm has a 50-day moving average of $36.51 and a 200-day moving average of $35.56. CBRE Group, Inc. has a 1-year low of $25.40 and a 1-year high of $38.99.

CBRE Group (NYSE:CBG) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share for the quarter, topping the 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 company had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the previous year, the business posted $0.52 earnings per share. CBRE Group’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that CBRE Group, Inc. will post $2.57 EPS for the current year.

A number of equities analysts have commented on CBG shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 price target on shares of CBRE Group in a research note on Friday, July 21st. Barclays PLC boosted their price target on shares of CBRE Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Friday, July 7th. UBS AG started coverage on shares of CBRE Group in a research note on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price target for the company. Finally, Wedbush reissued an “outperform” rating and issued a $38.00 price target on shares of CBRE Group in a research note on Wednesday, August 2nd. One 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 currently has an average rating of “Hold” and a consensus price target of $39.60.

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In related news, CEO William F. Concannon sold 15,000 shares of the business’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 sale, the chief executive officer now owns 238,376 shares in the company, valued at $8,717,410.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gil Borok sold 25,627 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $37.33, for a total transaction of $956,655.91. Following the completion of the sale, the chief financial officer now owns 76,651 shares in the company, valued at approximately $2,861,381.83. The disclosure for this sale can be found here. Insiders sold 217,648 shares of company stock worth $7,912,743 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

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)

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