Royal Bank of Canada increased its holdings in shares of CBRE Group, Inc. (NYSE:CBG) by 57.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 810,452 shares of the financial services provider’s stock after purchasing an additional 296,895 shares during the period. Royal Bank of Canada owned 0.24% of CBRE Group worth $29,501,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Cleararc Capital Inc. boosted its position in CBRE Group by 0.8% in the 1st quarter. Cleararc Capital Inc. now owns 7,343 shares of the financial services provider’s stock valued at $255,000 after buying an additional 56 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in CBRE Group by 0.7% in the 2nd quarter. Wetherby Asset Management Inc. now owns 13,970 shares of the financial services provider’s stock valued at $509,000 after buying an additional 93 shares during the last quarter. CIBC Asset Management Inc boosted its position in CBRE Group by 0.4% in the 2nd quarter. CIBC Asset Management Inc now owns 29,272 shares of the financial services provider’s stock valued at $1,066,000 after buying an additional 113 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in CBRE Group by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the financial services provider’s stock valued at $681,000 after buying an additional 200 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in CBRE Group by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,998 shares of the financial services provider’s stock valued at $243,000 after buying an additional 220 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

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, CFO Gil Borok sold 25,627 shares of CBRE Group stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $37.33, for a total transaction of $956,655.91. Following the sale, the chief financial officer now owns 76,651 shares in the company, valued at $2,861,381.83. The disclosure for this sale can be found here. Insiders sold a total of 5,715,787 shares of company stock worth $205,347,397 over the last 90 days. Company insiders own 1.00% of the company’s stock.

CBRE Group, Inc. (NYSE:CBG) opened at 38.84 on Monday. The stock’s 50 day moving average is $36.80 and its 200 day moving average is $35.80. CBRE Group, Inc. has a 12 month low of $25.40 and a 12 month high of $39.08. The company has a market cap of $13.09 billion, a PE ratio of 18.96 and a beta of 1.82.

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

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

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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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