Schwab Charles Investment Management Inc. grew its stake in CBRE Group, Inc. (NYSE:CBG) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,044,977 shares of the financial services provider’s stock after purchasing an additional 62,004 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.31% of CBRE Group worth $39,584,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CBG. Strs Ohio lifted its holdings in shares of CBRE Group by 53.7% in the second quarter. Strs Ohio now owns 17,701 shares of the financial services provider’s stock valued at $644,000 after purchasing an additional 6,183 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in CBRE Group by 112.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 20,310 shares of the financial services provider’s stock worth $739,000 after acquiring an additional 10,750 shares during the period. Great West Life Assurance Co. Can lifted its holdings in CBRE Group by 2.9% during the second quarter. Great West Life Assurance Co. Can now owns 213,745 shares of the financial services provider’s stock worth $7,768,000 after acquiring an additional 5,965 shares during the period. CIBC Asset Management Inc raised its stake in shares of CBRE Group by 0.4% in the second 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 period. Finally, Sei Investments Co. raised its stake in shares of CBRE Group by 405.4% in the second quarter. Sei Investments Co. now owns 35,127 shares of the financial services provider’s stock valued at $1,279,000 after buying an additional 28,177 shares during the period. Institutional investors own 95.00% of the company’s stock.

Several analysts have issued reports on CBG shares. Bank of America boosted their target price on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Barclays lifted their price target on CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. Finally, BidaskClub cut CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.33.

In other CBRE Group news, CEO William F. Concannon sold 25,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $39.02, for a total transaction of $975,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Valueact Capital Master Fund, sold 5,500,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $35.90, for a total value of $197,450,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,522,972 shares of company stock worth $326,340,909. Company insiders own 1.00% of the company’s stock.

CBRE Group, Inc. (CBG) opened at $43.62 on Friday. CBRE Group, Inc. has a 52-week low of $29.69 and a 52-week high of $44.04. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $14,875.10, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.26 and a beta of 1.86.

CBRE Group (NYSE:CBG) last posted its earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.45 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 EPS. equities research analysts forecast that CBRE Group, Inc. will post 2.67 earnings per share for the current fiscal year.

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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.

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

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