Old Mutual Global Investors UK Ltd. Has $43.62 Million Position in CBRE Group, Inc. (NYSE:CBG)

Old Mutual Global Investors UK Ltd. lifted its position in shares of CBRE Group, Inc. (NYSE:CBG) by 2,969.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,151,635 shares of the financial services provider’s stock after buying an additional 1,114,113 shares during the period. Old Mutual Global Investors UK Ltd. owned about 0.34% of CBRE Group worth $43,623,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GQG Partners LLC acquired a new position in shares of CBRE Group during the second quarter worth about $122,000. BB&T Investment Services Inc. acquired a new position in shares of CBRE Group during the second quarter worth about $125,000. Advisor Group Inc. boosted its position in shares of CBRE Group by 6.6% during the second 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 during the period. Sheaff Brock Investment Advisors LLC acquired a new position in shares of CBRE Group during the second quarter worth about $223,000. Finally, Gyroscope Capital Management Group LLC boosted its position in shares of CBRE Group by 7.2% during the second quarter. Gyroscope Capital Management Group LLC now owns 6,432 shares of the financial services provider’s stock worth $234,000 after buying an additional 432 shares during the period. 96.11% of the stock is owned by institutional investors.

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In other CBRE Group news, insider Valueact Capital Master Fund, sold 5,500,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $35.90, for a total value of $197,450,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Laurence H. Midler sold 3,139 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $36.00, for a total value of $113,004.00. Following the completion of the sale, the executive vice president now owns 90,541 shares in the company, valued at approximately $3,259,476. The disclosure for this sale can be found here. Insiders sold 6,965,732 shares of company stock worth $259,955,447 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Several research firms have recently weighed in on CBG. Bank of America Corporation upped their price objective on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Barclays PLC upped their price objective on CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. BidaskClub cut CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Wedbush reissued an “outperform” rating and set a $38.00 price target on shares of CBRE Group in a research report on Wednesday, August 2nd. Finally, UBS AG assumed coverage on CBRE Group in a research report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. CBRE Group presently has an average rating of “Hold” and a consensus price target of $40.33.

Shares of CBRE Group, Inc. (NYSE:CBG) traded down $0.33 during midday trading on Wednesday, reaching $42.49. The company had a trading volume of 1,230,788 shares, compared to its average volume of 1,965,798. CBRE Group, Inc. has a 1 year low of $28.91 and a 1 year high of $43.35. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $14,528.85, a PE ratio of 16.15, a PEG ratio of 1.24 and a beta of 1.83.

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, beating the consensus estimate of $0.54 by $0.10. The firm 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. sell-side analysts forecast that CBRE Group, Inc. will post 2.67 earnings per share for the current fiscal year.

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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