WINTON GROUP Ltd reduced its holdings in shares of CBRE Group, Inc. (NYSE:CBG) by 84.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,959 shares of the financial services provider’s stock after selling 118,890 shares during the quarter. WINTON GROUP Ltd’s holdings in CBRE Group were worth $832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC bought a new position in CBRE Group in the third quarter valued at about $216,000. Cadence Capital Management LLC bought a new position in CBRE Group in the third quarter valued at about $1,442,000. Dai Ichi Life Insurance Company Ltd bought a new position in CBRE Group in the third quarter valued at about $201,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in CBRE Group by 9.5% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,460 shares of the financial services provider’s stock valued at $927,000 after acquiring an additional 2,119 shares during the period. Finally, Virginia Retirement Systems ET AL lifted its holdings in CBRE Group by 63.4% in the third quarter. Virginia Retirement Systems ET AL now owns 509,200 shares of the financial services provider’s stock valued at $19,288,000 after acquiring an additional 197,600 shares during the period. 95.00% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CBRE Group, Inc. (CBG) opened at $43.61 on Wednesday. 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 company has a market capitalization of $14,722.34, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.25 and a beta of 1.86. CBRE Group, Inc. has a 1 year low of $29.69 and a 1 year high of $44.00.
CBRE Group (NYSE:CBG) last issued its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.45 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The business’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 earnings per share. sell-side analysts expect that CBRE Group, Inc. will post 2.67 EPS for the current year.
In related news, insider Robert E. Sulentic sold 45,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $43.16, for a total transaction of $1,942,200.00. Following the completion of the sale, the insider now owns 637,971 shares in the company, valued at $27,534,828.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Calvin W. Frese, Jr. sold 25,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $40.04, for a total value of $1,001,000.00. Following the sale, the insider now owns 246,473 shares of the company’s stock, valued at approximately $9,868,778.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,526,111 shares of company stock valued at $326,453,913. Company insiders own 1.00% of the company’s stock.
A number of brokerages have commented on CBG. Bank of America upped their price target on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. BidaskClub cut CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Barclays upped their price target on 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. CBRE Group has an average rating of “Hold” and an average target price of $40.33.
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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