Hahn Capital Management LLC increased its position in CBRE Group Inc (NYSE:CBG) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,170,732 shares of the financial services provider’s stock after buying an additional 11,091 shares during the period. CBRE Group comprises 4.4% of Hahn Capital Management LLC’s portfolio, making the stock its 2nd largest holding. Hahn Capital Management LLC owned approximately 0.34% of CBRE Group worth $44,347,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of CBG. Fieldpoint Private Securities LLC acquired a new position in CBRE Group during the third quarter worth approximately $104,000. Invictus RG acquired a new position in CBRE Group during the third quarter worth approximately $104,000. GQG Partners LLC acquired a new position in CBRE Group during the second quarter worth approximately $122,000. BB&T Investment Services Inc. acquired a new position in CBRE Group during the second quarter worth approximately $125,000. Finally, Zions Bancorporation increased its position in CBRE Group by 5,136.8% during the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 3,493 shares during the last quarter. 95.00% of the stock is owned by institutional investors and hedge funds.
In other news, insider Valueact Capital Master Fund, sold 5,500,000 shares of the stock in a transaction on Friday, September 15th. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Calvin W. Frese, Jr. sold 25,000 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $40.04, for a total transaction of $1,001,000.00. Following the completion of the sale, the insider now directly 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. Insiders sold 8,529,872 shares of company stock valued at $326,639,541 in the last three months. Company insiders own 1.00% of the company’s stock.
Shares of CBRE Group Inc (NYSE CBG) opened at $43.20 on Thursday. CBRE Group Inc has a 52-week low of $29.69 and a 52-week high of $44.04. The stock has a market cap of $14,660.00, a price-to-earnings ratio of 16.35, a PEG ratio of 1.25 and a beta of 1.86. 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 (NYSE:CBG) last released its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.10. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the prior year, the business earned $0.50 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. research analysts forecast that CBRE Group Inc will post 2.67 EPS for the current fiscal year.
CBRE Group Company 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.
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