Allianz Asset Management GmbH raised its holdings in CBRE Group Inc (NYSE:CBG) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 231,874 shares of the financial services provider’s stock after purchasing an additional 17,024 shares during the period. Allianz Asset Management GmbH owned about 0.07% of CBRE Group worth $10,043,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new stake in CBRE Group in the third quarter valued at approximately $104,000. Invictus RG acquired a new stake in CBRE Group in the third quarter valued at approximately $104,000. Cerebellum GP LLC acquired a new stake in CBRE Group in the fourth quarter valued at approximately $127,000. Tower Research Capital LLC TRC grew its holdings in CBRE Group by 818.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,059 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 2,726 shares during the period. Finally, Zions Bancorporation grew its holdings in CBRE Group by 5,136.8% in the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 3,493 shares during the period. 94.31% of the stock is currently owned by institutional investors.
In other news, insider Brandon Boze sold 5,000,000 shares of CBRE Group stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $45.78, for a total value of $228,900,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert E. Sulentic sold 40,000 shares of CBRE Group stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 597,971 shares in the company, valued at $25,449,645.76. The disclosure for this sale can be found here. Insiders sold 5,148,807 shares of company stock worth $235,492,603 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.
Shares of CBRE Group Inc (NYSE CBG) opened at $47.67 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $16,180.00, a P/E ratio of 19.46, a PEG ratio of 1.19 and a beta of 1.72. CBRE Group Inc has a 12 month low of $32.30 and a 12 month high of $48.27.
CBRE Group (NYSE:CBG) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. The firm had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. research analysts predict that CBRE Group Inc will post 3.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.10%.
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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