CBRE Group, Inc. (CBG) Shares Sold by New Amsterdam Partners LLC NY

CBRE Group, Inc. (CBG) Shares Sold by New Amsterdam Partners LLC NY

New Amsterdam Partners LLC NY reduced its stake in shares of CBRE Group, Inc. (NYSE:CBG) by 4.6% during the third quarter, Holdings Channel reports. The firm owned 190,172 shares of the company’s stock after selling 9,190 shares during the period. New Amsterdam Partners LLC NY owned about 0.06% of CBRE Group worth $5,321,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of CBRE Group by 5.8% in the second quarter. Vanguard Group Inc. now owns 26,286,199 shares of the company’s stock valued at $696,059,000 after buying an additional 1,445,635 shares during the period. FMR LLC increased its stake in shares of CBRE Group by 26.5% in the second quarter. FMR LLC now owns 18,561,943 shares of the company’s stock valued at $491,520,000 after buying an additional 3,884,677 shares during the period. Wells Fargo & Company MN increased its stake in shares of CBRE Group by 0.3% in the third quarter. Wells Fargo & Company MN now owns 8,056,639 shares of the company’s stock valued at $225,426,000 after buying an additional 24,993 shares during the period. BlackRock Fund Advisors increased its stake in shares of CBRE Group by 2.5% in the second quarter. BlackRock Fund Advisors now owns 6,326,705 shares of the company’s stock valued at $167,531,000 after buying an additional 156,281 shares during the period. Finally, OMERS ADMINISTRATION Corp increased its stake in shares of CBRE Group by 20,636.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 4,852,353 shares of the company’s stock valued at $128,490,000 after buying an additional 4,828,953 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

CBRE Group, Inc. (NYSE:CBG) traded down 1.74% during midday trading on Friday, reaching $30.47. 162,990 shares of the company’s stock were exchanged. The stock has a market cap of $10.23 billion, a P/E ratio of 21.03 and a beta of 1.83. CBRE Group, Inc. has a 1-year low of $22.74 and a 1-year high of $33.21. The firm’s 50-day moving average is $31.42 and its 200 day moving average is $29.14.

CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 earnings per share. Equities analysts anticipate that CBRE Group, Inc. will post $2.18 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on CBG shares. Zacks Investment Research upgraded shares of CBRE Group from a “sell” rating to a “hold” rating in a research report on Monday, October 31st. Wedbush started coverage on shares of 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, CFO James R. Groch sold 10,000 shares of CBRE Group stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $31.20, for a total value of $312,000.00. Following the transaction, the chief financial officer now owns 490,483 shares of the company’s stock, valued at $15,303,069.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James R. Groch sold 30,000 shares of CBRE Group stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $30.00, for a total transaction of $900,000.00. Following the completion of the transaction, the chief financial officer now directly owns 510,483 shares in the company, valued at approximately $15,314,490. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 8,453,196 shares of company stock valued at $220,811,097 and have sold 55,000 shares valued at $1,707,150. 1.10% of the stock is currently owned by insiders.

CBRE Group Company Profile

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.

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