Fieldpoint Private Securities LLC Takes Position in CBRE Group Inc (CBG)
Fieldpoint Private Securities LLC bought a new stake in CBRE Group Inc (NYSE:CBG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,734 shares of the financial services provider’s stock, valued at approximately $104,000.
A number of other institutional investors have also added to or reduced their stakes in CBG. Invictus RG bought a new position in CBRE Group in the third quarter valued at about $104,000. GQG Partners LLC bought a new position in CBRE Group in the second quarter valued at about $122,000. BB&T Investment Services Inc. bought a new position in CBRE Group in the second quarter valued at about $125,000. Zions Bancorporation grew its position in CBRE Group by 5,136.8% in the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 3,493 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC bought a new position in CBRE Group in the third quarter valued at about $193,000. Hedge funds and other institutional investors own 95.00% of the company’s stock.
In other news, insider Calvin W. Frese, Jr. sold 25,000 shares of CBRE Group stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $40.04, for a total transaction of $1,001,000.00. Following the sale, the insider now directly owns 246,473 shares of the company’s stock, valued at $9,868,778.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP J. Christopher Kirk sold 20,000 shares of CBRE Group stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $43.32, for a total value of $866,400.00. Following the sale, the executive vice president now directly owns 118,162 shares in the company, valued at $5,118,777.84. The disclosure for this sale can be found here. Insiders have sold 3,049,872 shares of company stock worth $130,055,941 over the last three months. Insiders own 1.00% of the company’s stock.
CBRE Group Inc (NYSE:CBG) opened at $43.25 on Friday. CBRE Group Inc has a 12-month low of $29.69 and a 12-month high of $44.04. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $14,454.17, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.23 and a beta of 1.86.
CBRE Group (NYSE:CBG) last released its earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.10. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. equities research analysts forecast that CBRE Group Inc will post 2.67 EPS for the current year.
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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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