19,915 Shares in CBRE Group, Inc. (CBG) Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. acquired a new position in CBRE Group, Inc. (NYSE:CBG) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,915 shares of the financial services provider’s stock, valued at approximately $754,000.

Several other institutional investors have also modified their holdings of the stock. Teachers Advisors LLC boosted its position in CBRE Group by 1.4% during the first quarter. Teachers Advisors LLC now owns 436,648 shares of the financial services provider’s stock valued at $15,191,000 after acquiring an additional 6,036 shares during the last quarter. Bank of Montreal Can boosted its position in CBRE Group by 9.8% during the second quarter. Bank of Montreal Can now owns 246,460 shares of the financial services provider’s stock valued at $8,972,000 after acquiring an additional 21,970 shares during the last quarter. Creative Planning boosted its position in CBRE Group by 1,183.3% during the second quarter. Creative Planning now owns 17,594 shares of the financial services provider’s stock valued at $640,000 after acquiring an additional 16,223 shares during the last quarter. State of Alaska Department of Revenue boosted its position in CBRE Group by 96.2% during the second quarter. State of Alaska Department of Revenue now owns 6,548 shares of the financial services provider’s stock valued at $238,000 after acquiring an additional 3,210 shares during the last quarter. Finally, National Pension Service boosted its position in CBRE Group by 10.8% during the second quarter. National Pension Service now owns 344,668 shares of the financial services provider’s stock valued at $12,632,000 after acquiring an additional 33,500 shares during the last quarter. 95.65% of the stock is currently owned by institutional investors.

A number of analysts have commented on CBG shares. Barclays PLC upped their price target on shares of CBRE Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 price objective on shares of CBRE Group in a report on Friday, July 21st. Bank of America Corporation upped their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, November 6th. BidaskClub lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, UBS AG started coverage on shares of CBRE Group in a report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. CBRE Group has an average rating of “Hold” and an average price target of $40.33.

Shares of CBRE Group, Inc. (CBG) opened at $42.18 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28. CBRE Group, Inc. has a fifty-two week low of $27.68 and a fifty-two week high of $42.21. The firm has a market cap of $14,097.74, a PE ratio of 15.67, a P/E/G ratio of 1.22 and a beta of 1.83.

CBRE Group (NYSE:CBG) last posted its earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.10. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.45 billion. During the same quarter in the prior year, the business posted $0.50 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. analysts expect that CBRE Group, Inc. will post 2.63 earnings per share for the current fiscal year.

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In other news, EVP Laurence H. Midler sold 14,614 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $35.42, for a total transaction of $517,627.88. Following the completion of the transaction, the executive vice president now directly owns 111,720 shares of the company’s stock, valued at approximately $3,957,122.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Valueact Capital Master Fund, sold 5,500,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $35.90, for a total transaction of $197,450,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,644,345 shares of company stock valued at $202,991,077. Company insiders own 1.00% of the company’s stock.

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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Institutional Ownership by Quarter for CBRE Group (NYSE:CBG)

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