Ossiam Has $6.49 Million Holdings in CBRE Group, Inc. (NYSE:CBRE)

Ossiam raised its holdings in shares of CBRE Group, Inc. (NYSE:CBRE) by 254.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,275 shares of the financial services provider’s stock after purchasing an additional 48,296 shares during the period. Ossiam’s holdings in CBRE Group were worth $6,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Natixis increased its stake in shares of CBRE Group by 68.4% in the 2nd quarter. Natixis now owns 25,734 shares of the financial services provider’s stock valued at $2,206,000 after acquiring an additional 10,454 shares during the last quarter. Parisi Gray Wealth Management bought a new stake in shares of CBRE Group in the 2nd quarter valued at about $155,000. Toroso Investments LLC bought a new stake in shares of CBRE Group in the 2nd quarter valued at about $289,000. 180 Wealth Advisors LLC bought a new stake in shares of CBRE Group in the 2nd quarter valued at about $304,000. Finally, Neuberger Berman Group LLC increased its stake in shares of CBRE Group by 20.4% in the 2nd quarter. Neuberger Berman Group LLC now owns 159,535 shares of the financial services provider’s stock valued at $12,954,000 after acquiring an additional 26,986 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.

In other CBRE Group news, COO J. Christopher Kirk sold 18,000 shares of CBRE Group stock in a transaction dated Wednesday, August 4th. The stock was sold at an average price of $97.01, for a total value of $1,746,180.00. Following the transaction, the chief operating officer now owns 141,398 shares in the company, valued at $13,717,019.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brandon B. Boze sold 341,000 shares of CBRE Group stock in a transaction dated Thursday, August 12th. The shares were sold at an average price of $95.47, for a total value of $32,555,270.00. The disclosure for this sale can be found here. Insiders sold 661,227 shares of company stock worth $63,439,266 in the last 90 days. 0.75% of the stock is owned by company insiders.

CBRE Group stock traded up $0.90 during mid-day trading on Thursday, hitting $99.20. 3,573 shares of the company’s stock traded hands, compared to its average volume of 1,538,592. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $33.31 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 1.83 and a beta of 1.49. The firm has a 50 day simple moving average of $96.45 and a two-hundred day simple moving average of $89.49. CBRE Group, Inc. has a fifty-two week low of $43.17 and a fifty-two week high of $101.66.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Wednesday, July 28th. The financial services provider reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.58. CBRE Group had a return on equity of 20.78% and a net margin of 4.84%. The company had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.05 billion. On average, research analysts anticipate that CBRE Group, Inc. will post 4.83 earnings per share for the current fiscal year.

Separately, Raymond James increased their target price on CBRE Group from $93.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday, July 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $83.00.

CBRE Group Company Profile

CBRE Group, Inc engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services.

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

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