Meadow Creek Investment Management LLC Has $5.64 Million Stock Holdings in CBRE Group Inc (NYSE:CBRE)

Meadow Creek Investment Management LLC increased its position in CBRE Group Inc (NYSE:CBRE) by 31.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 109,888 shares of the financial services provider’s stock after purchasing an additional 26,044 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in CBRE Group were worth $5,637,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of CBRE Group by 34.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,560,714 shares of the financial services provider’s stock valued at $102,533,000 after purchasing an additional 653,165 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of CBRE Group by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 4,044,749 shares of the financial services provider’s stock valued at $161,663,000 after purchasing an additional 232,271 shares during the last quarter. Carillon Tower Advisers Inc. lifted its position in shares of CBRE Group by 19.0% during the first quarter. Carillon Tower Advisers Inc. now owns 111,285 shares of the financial services provider’s stock valued at $5,503,000 after purchasing an additional 17,800 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in CBRE Group by 31.3% during the first quarter. Pzena Investment Management LLC now owns 6,726 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 1,603 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its holdings in CBRE Group by 6.7% during the first quarter. First Allied Advisory Services Inc. now owns 18,876 shares of the financial services provider’s stock worth $932,000 after purchasing an additional 1,188 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

In other news, insider James R. Groch sold 50,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $55.13, for a total transaction of $2,756,500.00. Following the transaction, the insider now owns 404,918 shares of the company’s stock, valued at approximately $22,323,129.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert E. Sulentic sold 40,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the transaction, the insider now directly owns 829,011 shares in the company, valued at approximately $41,450,550. The disclosure for this sale can be found here. Company insiders own 0.74% of the company’s stock.

Several equities research analysts have commented on the stock. UBS Group increased their price objective on shares of CBRE Group from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Compass Point started coverage on CBRE Group in a research note on Wednesday, July 10th. They issued a “neutral” rating and a $54.00 target price on the stock. Finally, Raymond James upped their target price on CBRE Group from $65.00 to $67.00 and gave the company a “strong-buy” rating in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $57.40.

NYSE CBRE traded down $0.17 during trading hours on Wednesday, reaching $55.56. 677,966 shares of the company were exchanged, compared to its average volume of 1,369,082. CBRE Group Inc has a 1 year low of $37.45 and a 1 year high of $56.47. The business’s 50 day simple moving average is $52.31 and its 200-day simple moving average is $50.70. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $18.71 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.34 and a beta of 1.71.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.78 by $0.03. The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.59 billion. CBRE Group had a net margin of 4.79% and a return on equity of 24.14%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. As a group, sell-side analysts anticipate that CBRE Group Inc will post 3.75 earnings per share for the current year.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.

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

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