California State Teachers Retirement System cut its holdings in shares of CBRE Group Inc (NYSE:CBG) by 8.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 548,166 shares of the financial services provider’s stock after selling 48,349 shares during the quarter. California State Teachers Retirement System owned about 0.16% of CBRE Group worth $19,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of CBRE Group by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 318,212 shares of the financial services provider’s stock worth $11,583,000 after purchasing an additional 9,385 shares during the period. Gyroscope Capital Management Group LLC boosted its holdings in CBRE Group by 7.2% during the 2nd quarter. Gyroscope Capital Management Group LLC now owns 6,432 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 432 shares during the period. Green Square Capital LLC boosted its holdings in CBRE Group by 8.5% during the 2nd quarter. Green Square Capital LLC now owns 15,177 shares of the financial services provider’s stock valued at $552,000 after acquiring an additional 1,194 shares during the period. Janus Henderson Group PLC boosted its holdings in CBRE Group by 13,158.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,733,291 shares of the financial services provider’s stock valued at $208,691,000 after acquiring an additional 5,690,048 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in CBRE Group by 5.6% during the 2nd quarter. Macquarie Group Ltd. now owns 7,600 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 95.49% of the company’s stock.

CBG has been the subject of a number of research analyst reports. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, July 7th. Barclays PLC raised their target price on CBRE Group from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 target price on shares of CBRE Group in a report on Friday, July 21st. BidaskClub cut CBRE Group from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, UBS AG initiated coverage on CBRE Group in a report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 target price for the company. 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 currently has a consensus rating of “Hold” and an average price target of $39.60.

CBRE Group Inc (NYSE:CBG) opened at 39.62 on Tuesday. The company’s 50-day moving average price is $37.36 and its 200-day moving average price is $35.99. The stock has a market capitalization of $13.35 billion, a PE ratio of 19.34 and a beta of 1.82. CBRE Group Inc has a one year low of $25.40 and a one year high of $39.65.

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, beating the Zacks’ consensus estimate of $0.53 by $0.12. CBRE Group had a return on equity of 23.43% and a net margin of 5.94%. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the previous year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities research analysts predict that CBRE Group Inc will post $2.57 EPS for the current year.

In other news, CEO William F. Concannon sold 20,000 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $38.09, for a total value of $761,800.00. Following the completion of the sale, the chief executive officer now owns 233,896 shares of the company’s stock, valued at $8,909,098.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William F. Concannon sold 25,000 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $39.02, for a total value of $975,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,715,787 shares of company stock valued at $205,347,397. 1.00% of the stock is owned by company insiders.

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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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