CBRE Group, Inc. (CBG) Position Increased by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA lifted its position in CBRE Group, Inc. (NYSE:CBG) by 42.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,629 shares of the financial services provider’s stock after buying an additional 48,838 shares during the period. BNP Paribas Arbitrage SA’s holdings in CBRE Group were worth $6,236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in shares of CBRE Group by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 101,905 shares of the financial services provider’s stock valued at $3,709,000 after buying an additional 20,739 shares in the last quarter. Aviva PLC increased its position in shares of CBRE Group by 1.5% in the 2nd quarter. Aviva PLC now owns 181,175 shares of the financial services provider’s stock valued at $6,595,000 after buying an additional 2,720 shares in the last quarter. Hosking Partners LLP increased its position in shares of CBRE Group by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 2,425,070 shares of the financial services provider’s stock valued at $88,273,000 after buying an additional 38,977 shares in the last quarter. Calamos Advisors LLC increased its position in shares of CBRE Group by 47.9% in the 2nd quarter. Calamos Advisors LLC now owns 165,516 shares of the financial services provider’s stock valued at $6,025,000 after buying an additional 53,616 shares in the last quarter. Finally, Balyasny Asset Management LLC increased its position in shares of CBRE Group by 57.8% in the 2nd quarter. Balyasny Asset Management LLC now owns 101,263 shares of the financial services provider’s stock valued at $3,686,000 after buying an additional 37,092 shares in the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

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In related news, insider Valueact Capital Master Fund, sold 5,500,000 shares of the company’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael J. Lafitte sold 27,775 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $35.71, for a total transaction of $991,845.25. Following the completion of the transaction, the insider now directly owns 308,567 shares of the company’s stock, valued at $11,018,927.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,620,099 shares of company stock valued at $202,124,385. Company insiders own 1.00% of the company’s stock.

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 price objective on shares of CBRE Group in a research report on Friday, July 21st. Bank of America Corporation upped their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Barclays PLC upped their price objective on shares of CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. BidaskClub cut shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, UBS AG assumed coverage on shares of CBRE Group in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.33.

CBRE Group, Inc. (CBG) opened at $42.78 on Friday. The firm has a market cap of $14,590.00, a price-to-earnings ratio of 15.92, a P/E/G ratio of 1.22 and a beta of 1.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28. CBRE Group, Inc. has a one year low of $28.21 and a one year high of $43.35.

CBRE Group (NYSE:CBG) last announced its earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.10. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.45 billion. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. analysts predict that CBRE Group, Inc. will post 2.67 earnings per share for the current 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.

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

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