Harris Associates L P decreased its holdings in shares of CBRE Group, Inc. (NYSE:CBG) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,305,865 shares of the financial services provider’s stock after selling 469,404 shares during the quarter. Harris Associates L P owned approximately 4.84% of CBRE Group worth $593,533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CBG. UBS Asset Management Americas Inc. raised its stake in CBRE Group by 17.0% during the first quarter. UBS Asset Management Americas Inc. now owns 846,298 shares of the financial services provider’s stock worth $29,443,000 after acquiring an additional 122,807 shares during the period. Sei Investments Co. raised its stake in CBRE Group by 13.4% during the first quarter. Sei Investments Co. now owns 6,950 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 819 shares during the period. Mason Street Advisors LLC raised its stake in CBRE Group by 1.2% during the first quarter. Mason Street Advisors LLC now owns 41,550 shares of the financial services provider’s stock worth $1,446,000 after acquiring an additional 487 shares during the period. Pacer Advisors Inc. raised its stake in CBRE Group by 3.2% during the first quarter. Pacer Advisors Inc. now owns 6,998 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 220 shares during the period. Finally, Nordea Investment Management AB raised its stake in CBRE Group by 1.6% during the first quarter. Nordea Investment Management AB now owns 15,356 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 245 shares during the period. Hedge funds and other institutional investors own 95.64% of the company’s stock.

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Several research firms recently weighed in on CBG. Barclays PLC increased their price objective on shares of CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. BidaskClub lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Wedbush reiterated an “outperform” rating and set a $38.00 price objective on shares of CBRE Group in a research note on Wednesday, August 2nd. UBS AG began coverage on shares of CBRE Group in a research note on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 price objective on shares of CBRE Group in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. CBRE Group currently has an average rating of “Hold” and a consensus price target of $39.60.

In other news, CEO William F. Concannon sold 20,000 shares of CBRE Group stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $38.09, for a total transaction of $761,800.00. Following the sale, the chief executive officer now directly owns 233,896 shares in the company, valued at approximately $8,909,098.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Laurence H. Midler sold 3,139 shares of CBRE Group stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $36.00, for a total transaction of $113,004.00. Following the sale, the executive vice president now owns 90,541 shares in the company, valued at $3,259,476. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,690,787 shares of company stock worth $204,371,897. 1.00% of the stock is owned by company insiders.

CBRE Group, Inc. (NYSE:CBG) traded up 0.03% during midday trading on Friday, reaching $37.88. 1,418,469 shares of the company traded hands. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 18.49 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’s 50 day moving average price is $36.30 and its 200 day moving average price is $35.62.

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

CBRE Group 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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