CBRE Group, Inc. (CBG) Position Decreased by Nationwide Fund Advisors

Nationwide Fund Advisors cut its holdings in shares of CBRE Group, Inc. (NYSE:CBG) by 74.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 174,184 shares of the financial services provider’s stock after selling 497,167 shares during the quarter. Nationwide Fund Advisors owned about 0.05% of CBRE Group worth $6,598,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CBG. Strs Ohio increased its holdings in shares of CBRE Group by 53.7% during the 2nd quarter. Strs Ohio now owns 17,701 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 6,183 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of CBRE Group by 112.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 20,310 shares of the financial services provider’s stock worth $739,000 after acquiring an additional 10,750 shares during the last quarter. Sei Investments Co. increased its holdings in shares of CBRE Group by 405.4% during the 2nd quarter. Sei Investments Co. now owns 35,127 shares of the financial services provider’s stock worth $1,279,000 after acquiring an additional 28,177 shares during the last quarter. Global X Management Co. LLC increased its holdings in shares of CBRE Group by 11.4% during the 2nd quarter. Global X Management Co. LLC now owns 13,840 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 1,415 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of CBRE Group by 2.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 982,973 shares of the financial services provider’s stock worth $35,781,000 after acquiring an additional 24,191 shares during the last quarter. 95.00% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on CBG shares. Barclays boosted their target price on CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a report on Tuesday, August 15th. Bank of America upped their price objective on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $40.33.

In other CBRE Group news, CEO William F. Concannon sold 25,000 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $39.02, for a total value of $975,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert E. Sulentic sold 45,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $43.16, for a total value of $1,942,200.00. Following the completion of the transaction, the insider now directly owns 637,971 shares in the company, valued at $27,534,828.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,522,972 shares of company stock worth $326,340,909. Insiders own 1.00% of the company’s stock.

CBRE Group, Inc. (NYSE:CBG) opened at $43.35 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. CBRE Group, Inc. has a 1-year low of $29.69 and a 1-year high of $44.04. The company has a market capitalization of $14,807.21, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.26 and a beta of 1.86.

CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.45 billion. During the same period in the prior year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. equities research analysts predict that CBRE Group, Inc. will post 2.67 earnings per share 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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Institutional Ownership by Quarter for CBRE Group (NYSE:CBG)

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