Squar Milner Financial Services LLC bought a new stake in CBRE Group Inc (NYSE:CBRE) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,461 shares of the financial services provider’s stock, valued at approximately $197,000.
A number of other large investors have also bought and sold shares of the business. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of CBRE Group in the 3rd quarter valued at $133,879,000. Swedbank purchased a new stake in shares of CBRE Group in the 2nd quarter valued at $106,645,000. Russell Investments Group Ltd. purchased a new stake in shares of CBRE Group in the 3rd quarter valued at $35,227,000. RWC Asset Management LLP purchased a new stake in shares of CBRE Group in the 3rd quarter valued at $34,922,000. Finally, Aperio Group LLC purchased a new stake in shares of CBRE Group in the 3rd quarter valued at $34,279,000. Institutional investors own 94.47% of the company’s stock.
In related news, CEO William F. Concannon sold 28,878 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $47.47, for a total transaction of $1,370,838.66. Following the completion of the transaction, the chief executive officer now directly owns 204,631 shares of the company’s stock, valued at approximately $9,713,833.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.88% of the company’s stock.
CBRE opened at $39.36 on Tuesday. CBRE Group Inc has a 12 month low of $38.05 and a 12 month high of $50.43. The firm has a market cap of $13.17 billion, a P/E ratio of 14.52, a P/E/G ratio of 0.94 and a beta of 1.78. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.39.
CBRE Group (NYSE:CBRE) last released its earnings results on Thursday, August 2nd. The financial services provider reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. CBRE Group had a return on equity of 23.53% and a net margin of 4.21%. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.72 billion. CBRE Group’s revenue was up 15.1% compared to the same quarter last year. As a group, research analysts forecast that CBRE Group Inc will post 3.16 EPS for the current fiscal year.
CBRE Group Company Profile
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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