Texas Yale Capital Corp. maintained its stake in CBRE Group Inc (NYSE:CBG) during the first quarter, according to its most recent filing with the SEC. The fund owned 26,000 shares of the financial services provider’s stock at the end of the first quarter. Texas Yale Capital Corp.’s holdings in CBRE Group were worth $905,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in CBG. BNP Paribas Arbitrage SA increased its stake in shares of CBRE Group by 219.6% in the first quarter. BNP Paribas Arbitrage SA now owns 180,046 shares of the financial services provider’s stock valued at $6,264,000 after buying an additional 123,716 shares during the period. US Bancorp DE boosted its position in CBRE Group by 6.3% in the first quarter. US Bancorp DE now owns 69,773 shares of the financial services provider’s stock valued at $2,426,000 after buying an additional 4,145 shares in the last quarter. Insight 2811 Inc. boosted its position in CBRE Group by 11.8% in the first quarter. Insight 2811 Inc. now owns 8,439 shares of the financial services provider’s stock valued at $294,000 after buying an additional 891 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in CBRE Group by 64.4% in the first quarter. Daiwa Securities Group Inc. now owns 182,600 shares of the financial services provider’s stock valued at $6,353,000 after buying an additional 71,500 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in CBRE Group by 91.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 26,434 shares of the financial services provider’s stock valued at $945,000 after buying an additional 12,651 shares in the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.
Shares of CBRE Group Inc (NYSE:CBG) traded up 1.66% during trading on Friday, reaching $33.68. The company’s stock had a trading volume of 1,685,825 shares. CBRE Group Inc has a 12-month low of $24.11 and a 12-month high of $36.81. The company has a 50 day moving average of $34.43 and a 200 day moving average of $32.52. The company has a market cap of $11.35 billion, a PE ratio of 18.41 and a beta of 1.70.
CBRE Group (NYSE:CBG) last announced its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.10. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.91 billion. CBRE Group had a return on equity of 26.37% and a net margin of 4.38%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. On average, analysts anticipate that CBRE Group Inc will post $2.42 EPS for the current fiscal year.
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A number of research analysts have recently commented on CBG shares. Zacks Investment Research cut CBRE Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 7th. Wedbush reaffirmed an “outperform” rating and set a $38.00 price target on shares of CBRE Group in a research report on Monday, April 17th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of CBRE Group in a report on Thursday, March 16th.
In other CBRE Group news, Director Laura D. Tyson sold 3,966 shares of the stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $36.33, for a total transaction of $144,084.78. Following the sale, the director now directly owns 30,278 shares of the company’s stock, valued at approximately $1,099,999.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.
About CBRE Group
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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