Alpha Windward LLC Boosts Holdings in CBRE Group Inc (NYSE:CBRE)
Alpha Windward LLC raised its stake in shares of CBRE Group Inc (NYSE:CBRE) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,876 shares of the financial services provider’s stock after purchasing an additional 262 shares during the period. Alpha Windward LLC’s holdings in CBRE Group were worth $544,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LPL Financial LLC raised its position in shares of CBRE Group by 37.6% in the second quarter. LPL Financial LLC now owns 18,486 shares of the financial services provider’s stock valued at $948,000 after buying an additional 5,049 shares during the last quarter. MML Investors Services LLC raised its position in shares of CBRE Group by 18.7% in the second quarter. MML Investors Services LLC now owns 14,632 shares of the financial services provider’s stock valued at $751,000 after buying an additional 2,310 shares during the last quarter. United Capital Financial Advisers LLC raised its position in shares of CBRE Group by 15.5% in the second quarter. United Capital Financial Advisers LLC now owns 11,764 shares of the financial services provider’s stock valued at $603,000 after buying an additional 1,582 shares during the last quarter. AXA raised its position in shares of CBRE Group by 37.5% in the second quarter. AXA now owns 337,607 shares of the financial services provider’s stock valued at $17,320,000 after buying an additional 92,104 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of CBRE Group by 7.1% in the second quarter. US Bancorp DE now owns 70,264 shares of the financial services provider’s stock valued at $3,605,000 after buying an additional 4,664 shares during the last quarter. 93.00% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Michael J. Lafitte sold 26,759 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $56.02, for a total transaction of $1,499,039.18. Following the completion of the sale, the chief executive officer now directly owns 335,364 shares in the company, valued at $18,787,091.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert E. Sulentic sold 40,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $55.30, for a total transaction of $2,212,000.00. Following the sale, the chief executive officer now owns 749,011 shares of the company’s stock, valued at $41,420,308.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,074 shares of company stock valued at $4,223,623. 0.74% of the stock is owned by company insiders.
Shares of NYSE CBRE traded down $0.39 during mid-day trading on Tuesday, reaching $60.27. The company’s stock had a trading volume of 56,581 shares, compared to its average volume of 1,240,628. The stock has a 50-day moving average of $59.38 and a two-hundred day moving average of $54.43. The stock has a market capitalization of $20.27 billion, a P/E ratio of 18.36, a P/E/G ratio of 1.33 and a beta of 1.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.17. CBRE Group Inc has a 1-year low of $41.93 and a 1-year high of $61.90.
CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. CBRE Group had a net margin of 4.50% and a return on equity of 23.24%. The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same period last year, the business earned $0.79 earnings per share. CBRE Group’s revenue was up 12.6% compared to the same quarter last year. Analysts predict that CBRE Group Inc will post 3.74 EPS for the current fiscal year.
CBRE Group Profile
CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
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