Southpoint Capital Advisors LP raised its stake in CBRE Group Inc (NYSE:CBG) by 112.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,125,000 shares of the financial services provider’s stock after buying an additional 1,125,000 shares during the quarter. CBRE Group makes up approximately 4.4% of Southpoint Capital Advisors LP’s investment portfolio, making the stock its 9th largest position. Southpoint Capital Advisors LP owned about 0.63% of CBRE Group worth $92,034,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of the business. BB&T Corp grew its holdings in CBRE Group by 0.5% in the 4th quarter. BB&T Corp now owns 212,059 shares of the financial services provider’s stock valued at $9,184,000 after buying an additional 1,134 shares in the last quarter. Advisory Services Network LLC grew its holdings in CBRE Group by 49.0% in the 4th quarter. Advisory Services Network LLC now owns 3,977 shares of the financial services provider’s stock valued at $172,000 after buying an additional 1,307 shares in the last quarter. Norinchukin Bank The grew its holdings in CBRE Group by 7.3% in the 3rd quarter. Norinchukin Bank The now owns 22,387 shares of the financial services provider’s stock valued at $848,000 after buying an additional 1,518 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in CBRE Group by 24.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,303 shares of the financial services provider’s stock valued at $315,000 after buying an additional 1,612 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in shares of CBRE Group by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 62,591 shares of the financial services provider’s stock valued at $2,711,000 after purchasing an additional 1,871 shares during the last quarter. Institutional investors own 94.31% of the company’s stock.
In other CBRE Group news, insider Robert E. Sulentic sold 40,000 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $42.56, for a total value of $1,702,400.00. Following the sale, the insider now owns 597,971 shares of the company’s stock, valued at approximately $25,449,645.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura D. Tyson sold 1,886 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $47.49, for a total value of $89,566.14. Following the completion of the sale, the director now directly owns 33,257 shares in the company, valued at approximately $1,579,374.93. The disclosure for this sale can be found here. Insiders sold a total of 5,175,707 shares of company stock worth $236,657,635 in the last ninety days. 1.00% of the stock is owned by corporate insiders.
CBRE Group Inc (NYSE:CBG) opened at $47.59 on Monday. CBRE Group Inc has a 12 month low of $32.30 and a 12 month high of $47.81. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $16,157.19, a PE ratio of 23.44, a P/E/G ratio of 1.19 and a beta of 1.72.
CBRE Group (NYSE:CBG) last posted its earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The firm had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the company earned $0.93 EPS. CBRE Group’s revenue was up 13.4% on a year-over-year basis. analysts forecast that CBRE Group Inc will post 3.07 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.10%.
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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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