Amalgamated Bank raised its position in CBRE Group Inc. (NYSE:CBG) by 133.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,610 shares of the company’s stock after buying an additional 15,212 shares during the period. Amalgamated Bank’s holdings in CBRE Group were worth $795,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of CBG. Integrated Investment Consultants LLC raised its position in shares of CBRE Group by 0.8% in the second quarter. Integrated Investment Consultants LLC now owns 8,154 shares of the company’s stock worth $216,000 after buying an additional 62 shares during the period. SevenBridge Financial Group LLC acquired a new position in shares of CBRE Group during the first quarter worth about $2,012,000. Origin Asset Management LLP raised its position in shares of CBRE Group by 18.4% in the first quarter. Origin Asset Management LLP now owns 442,204 shares of the company’s stock worth $12,744,000 after buying an additional 68,604 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of CBRE Group during the first quarter worth about $33,134,000. Finally, First Republic Investment Management Inc. acquired a new position in shares of CBRE Group during the first quarter worth about $1,736,000. 95.78% of the stock is owned by institutional investors and hedge funds.
CBRE Group Inc. (NYSE:CBG) traded down 0.18% during midday trading on Friday, reaching $27.64. The company’s stock had a trading volume of 1,396,456 shares. CBRE Group Inc. has a 52-week low of $22.74 and a 52-week high of $37.79. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 19.08 and a beta of 1.80. The firm has a 50-day moving average price of $27.27 and a 200 day moving average price of $28.41.
CBRE Group (NYSE:CBG) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm earned $3.20 billion during the quarter, compared to analysts’ expectations of $3.29 billion. CBRE Group had a net margin of 3.77% and a return on equity of 25.55%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. Equities research analysts predict that CBRE Group Inc. will post $2.19 EPS for the current fiscal year.
A number of equities research analysts have weighed in on CBG shares. Zacks Investment Research upgraded CBRE Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 8th. Wedbush started coverage on CBRE Group in a research report on Wednesday, October 5th. They issued an “outperform” rating and a $35.00 target price for the company.
In other CBRE Group news, insider Calvin W. Frese, Jr. sold 11,674 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $29.57, for a total transaction of $345,200.18. Following the completion of the transaction, the insider now owns 344,553 shares in the company, valued at $10,188,432.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Laurence H. Midler sold 11,867 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $29.93, for a total transaction of $355,179.31. Following the transaction, the executive vice president now owns 115,926 shares of the company’s stock, valued at approximately $3,469,665.18. The disclosure for this sale can be found here. Company 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.