Timber Hill LLC Takes Position in CBRE Group Inc (CBG)

Timber Hill LLC purchased a new position in CBRE Group Inc (NYSE:CBG) during the 4th quarter, HoldingsChannel reports. The firm purchased 43,753 shares of the financial services provider’s stock, valued at approximately $1,895,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norinchukin Bank The raised its holdings in shares of CBRE Group by 7.9% in the fourth quarter. Norinchukin Bank The now owns 24,156 shares of the financial services provider’s stock worth $1,046,000 after buying an additional 1,769 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in shares of CBRE Group by 66.8% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 57,690 shares of the financial services provider’s stock worth $2,499,000 after buying an additional 23,110 shares during the period. American International Group Inc. raised its holdings in shares of CBRE Group by 11.0% in the fourth quarter. American International Group Inc. now owns 107,054 shares of the financial services provider’s stock worth $4,637,000 after buying an additional 10,646 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of CBRE Group in the fourth quarter worth approximately $25,471,000. Finally, Employees Retirement System of Texas raised its holdings in shares of CBRE Group by 12.1% in the fourth quarter. Employees Retirement System of Texas now owns 79,700 shares of the financial services provider’s stock worth $3,452,000 after buying an additional 8,600 shares during the period. Hedge funds and other institutional investors own 95.34% of the company’s stock.

CBRE Group Inc (NYSE:CBG) opened at $44.90 on Wednesday. The company has a market capitalization of $15,343.55, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.13 and a beta of 1.83. CBRE Group Inc has a fifty-two week low of $32.30 and a fifty-two week high of $46.60. The company has a current ratio of 1.08, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49.

CBRE Group (NYSE:CBG) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. CBRE Group’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. equities analysts predict that CBRE Group Inc will post 3.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.23%.

Several brokerages have recently weighed in on CBG. William Blair reiterated an “outperform” rating on shares of CBRE Group in a report on Friday, February 2nd. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Wednesday, January 10th. Barclays increased their price target on CBRE Group from $47.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Wedbush reiterated an “outperform” rating and issued a $46.50 price target on shares of CBRE Group in a report on Monday, February 12th. Finally, Raymond James Financial initiated coverage on CBRE Group in a report on Tuesday, February 6th. They set an “outperform” rating and a $55.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.56.

In other CBRE Group news, Director Frederic V. Malek sold 50,000 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $42.87, for a total transaction of $2,143,500.00. Following the sale, the director now owns 267,446 shares of the company’s stock, valued at approximately $11,465,410.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Holdings L.P. Valueact sold 600,000 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $42.57, for a total value of $25,542,000.00. Following the sale, the director now directly owns 267,446 shares in the company, valued at approximately $11,385,176.22. The disclosure for this sale can be found here. Insiders have sold a total of 1,708,788 shares of company stock worth $73,051,818 in the last ninety days. Insiders own 1.00% of the company’s stock.

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

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