Todays Report: Today, 2,930 Shares of CBRE Group Inc. (CBG) are sold by Strs Ohio

Today, 2,930 Shares of CBRE Group Inc. (CBG) are sold by Strs Ohio

Strs Ohio reduced its stake in shares of CBRE Group Inc. (NYSE:CBG) by 18.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 12,778 shares of the company’s stock after selling 2,930 shares during the period. Strs Ohio’s holdings in CBRE Group were worth $357,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Trillium Asset Management LLC raised its stake in shares of CBRE Group by 4.3% in the second quarter. Trillium Asset Management LLC now owns 517,363 shares of the company’s stock valued at $13,700,000 after buying an additional 21,257 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of CBRE Group by 3.7% in the second quarter. Retirement Systems of Alabama now owns 548,778 shares of the company’s stock valued at $14,532,000 after buying an additional 19,774 shares during the last quarter. Evercore Wealth Management LLC raised its stake in shares of CBRE Group by 1.7% in the second quarter. Evercore Wealth Management LLC now owns 1,660,956 shares of the company’s stock valued at $43,982,000 after buying an additional 27,553 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of CBRE Group by 6.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 75,540 shares of the company’s stock valued at $2,000,000 after buying an additional 4,740 shares during the last quarter. Finally, Herndon Capital Management LLC raised its stake in shares of CBRE Group by 26.0% in the second quarter. Herndon Capital Management LLC now owns 1,902,031 shares of the company’s stock valued at $50,365,000 after buying an additional 392,678 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CBRE Group Inc. (NYSE:CBG) traded down 0.54% during trading on Friday, reaching $29.41. 533,986 shares of the company were exchanged. The firm has a 50-day moving average of $27.44 and a 200-day moving average of $28.34. CBRE Group Inc. has a 52-week low of $22.74 and a 52-week high of $37.79. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 20.30 and a beta of 1.80.

CBRE Group (NYSE:CBG) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. CBRE Group had a net margin of 3.77% and a return on equity of 25.55%. The firm earned $3.20 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. On average, equities analysts forecast that CBRE Group Inc. will post $2.19 EPS for the current year.

A number of brokerages recently weighed in on CBG. Zacks Investment Research upgraded shares of CBRE Group from a “sell” rating to a “hold” rating in a report on Thursday, September 8th. Wedbush began coverage on shares of CBRE Group in a report on Wednesday, October 5th. They set an “outperform” rating and a $35.00 target price for the company.

In related news, EVP J. Christopher Kirk sold 17,739 shares of CBRE Group stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $29.79, for a total transaction of $528,444.81. Following the completion of the transaction, the executive vice president now directly owns 137,176 shares of the company’s stock, valued at approximately $4,086,473.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Calvin W. Frese, Jr. sold 39,475 shares of CBRE Group stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $29.90, for a total transaction of $1,180,302.50. Following the transaction, the insider now directly owns 298,816 shares of the company’s stock, valued at $8,934,598.40. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

About CBRE Group

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company is 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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