Toronto Dominion Bank lifted its holdings in CBRE Group Inc (NYSE:CBG) by 14.0% in the 4th quarter, HoldingsChannel reports. The firm owned 130,259 shares of the financial services provider’s stock after purchasing an additional 16,031 shares during the quarter. Toronto Dominion Bank’s holdings in CBRE Group were worth $5,641,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CBG. Old Mutual Global Investors UK Ltd. grew its stake in shares of CBRE Group by 2,969.2% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,151,635 shares of the financial services provider’s stock worth $43,623,000 after purchasing an additional 1,114,113 shares in the last quarter. State Treasurer State of Michigan grew its stake in shares of CBRE Group by 650.5% in the third quarter. State Treasurer State of Michigan now owns 741,732 shares of the financial services provider’s stock worth $28,097,000 after purchasing an additional 642,900 shares in the last quarter. YCG LLC grew its stake in shares of CBRE Group by 3,441.9% in the third quarter. YCG LLC now owns 317,604 shares of the financial services provider’s stock worth $12,057,000 after purchasing an additional 308,637 shares in the last quarter. APG Asset Management N.V. boosted its stake in CBRE Group by 154.6% during the fourth quarter. APG Asset Management N.V. now owns 446,600 shares of the financial services provider’s stock valued at $16,108,000 after buying an additional 271,200 shares in the last quarter. Finally, AXA boosted its stake in CBRE Group by 253.2% during the third quarter. AXA now owns 351,800 shares of the financial services provider’s stock valued at $13,326,000 after buying an additional 252,187 shares in the last quarter. 95.34% of the stock is owned by institutional investors.
CBRE Group Inc (CBG) opened at $45.20 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.08 and a quick ratio of 1.28. CBRE Group Inc has a 1 year low of $32.30 and a 1 year high of $46.60. The firm has a market capitalization of $15,343.55, a price-to-earnings ratio of 22.27, a P/E/G ratio of 1.13 and a beta of 1.83.
CBRE Group (NYSE:CBG) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the company posted $0.93 EPS. CBRE Group’s revenue for the quarter was up 13.4% on a year-over-year basis. research analysts expect that CBRE Group Inc will post 3.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Investors 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 dividend yield of 2.21%.
In related news, insider Valueact Capital Master Fund, sold 846,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $42.60, for a total value of $36,039,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Lafitte sold 25,888 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $44.86, for a total value of $1,161,335.68. Following the completion of the transaction, the insider now owns 284,834 shares of the company’s stock, valued at approximately $12,777,653.24. The disclosure for this sale can be found here. Insiders sold a total of 1,728,167 shares of company stock valued at $73,882,983 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.
Several research analysts recently weighed in on CBG shares. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Friday, February 2nd. ValuEngine raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays reaffirmed a “buy” rating and set a $47.00 target price on shares of CBRE Group in a research note on Wednesday, December 27th. Bank of America raised their target price on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Evercore ISI started coverage on CBRE Group in a research note on Monday, January 22nd. They set an “in-line” rating and a $48.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. CBRE Group has a consensus rating of “Buy” and a consensus target price of $46.56.
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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