Invictus RG acquired a new stake in CBRE Group, Inc. (NYSE:CBG) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,753 shares of the financial services provider’s stock, valued at approximately $104,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GQG Partners LLC bought a new stake in CBRE Group during the 2nd quarter worth about $122,000. BB&T Investment Services Inc. bought a new stake in CBRE Group during the 2nd quarter worth about $125,000. Massey Quick Simon & CO. LLC bought a new stake in CBRE Group during the 3rd quarter worth about $193,000. Advisor Group Inc. lifted its position in CBRE Group by 6.6% during the 2nd quarter. Advisor Group Inc. now owns 5,480 shares of the financial services provider’s stock worth $198,000 after buying an additional 337 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd bought a new stake in CBRE Group during the 3rd quarter worth about $201,000. 95.00% of the stock is currently owned by institutional investors and hedge funds.

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

In other news, insider Valueact Capital Master Fund, sold 5,500,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $35.90, for a total transaction of $197,450,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Laurence H. Midler sold 7,878 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $40.69, for a total transaction of $320,555.82. Following the transaction, the executive vice president now owns 82,663 shares in the company, valued at $3,363,557.47. The disclosure for this sale can be found here. Insiders have sold a total of 8,522,972 shares of company stock worth $326,340,909 over the last 90 days. 1.00% of the stock is owned by company insiders.

Shares of CBRE Group, Inc. (CBG) opened at $43.62 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.28 and a current ratio of 1.28. CBRE Group, Inc. has a 52-week low of $29.69 and a 52-week high of $44.04. The company has a market cap of $14,807.20, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.26 and a beta of 1.86.

CBRE Group (NYSE:CBG) last released its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.10. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.45 billion. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. CBRE Group’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.50 EPS. sell-side analysts anticipate 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.

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

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