November 28, 2016 - By Winifred Garcia · 0 Comments
Cbre Group Inc (NYSE:CBG) institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.11, from 1.09 in 2016Q1. The ratio is positive, as 203 investment professionals started new or increased equity positions, while 187 decreased and sold their equity positions in Cbre Group Inc. The investment professionals in our partner’s database reported: 304.99 million shares, down from 314.26 million shares in 2016Q1. Also, the number of investment professionals holding Cbre Group Inc in their top 10 equity positions decreased from 13 to 9 for a decrease of 4. Sold All: 44 Reduced: 143 Increased: 170 New Position: 33.
CBRE Group, Inc. is a holding company that conducts all of its activities through its subsidiaries. The company has a market cap of $9.78 billion. The Firm is a commercial real estate services and investment company. It has a 20.18 P/E ratio. The Firm operates through the divisions: The Americas; Europe, Middle East and Africa ; Asia Pacific; Global Investment Management, and Development Services.
About 1.02 million shares traded hands. CBRE Group Inc (NYSE:CBG) has declined 2.00% since April 25, 2016 and is downtrending. It has underperformed by 8.01% the S&P500.
Analysts await CBRE Group Inc (NYSE:CBG) to report earnings on February, 1. They expect $0.81 EPS, 0.00% or $0.00 from last year’s $0.81 per share. CBG’s profit will be $271.67 million for 9.00 P/E if the $0.81 EPS becomes a reality. After $0.50 actual EPS reported by CBRE Group Inc for the previous quarter, Wall Street now forecasts 62.00% EPS growth.
According to Zacks Investment Research, “CBRE Group, Inc is a commercial real estate services firm providing advisory services, capital markets services, valuation services to occupiers, owners, lenders, and investors in office, retail, industrial, multi-family, and other commercial real estate assets. The company also offers investment management services to pension plans, foundations, endowments and outsourcing services. CBRE Group, Inc, formerly known as CB Richard Ellis Group, Inc, is headquartered in Los Angeles, California.”
Valueact Holdings L.P. holds 7.92% of its portfolio in CBRE Group Inc for 32.94 million shares. Marble Arch Investments Lp owns 3.48 million shares or 6.42% of their US portfolio. Moreover, Marianas Fund Management Llc has 4.76% invested in the company for 868,100 shares. The Florida-based Suncoast Equity Management has invested 4.52% in the stock. Three Corner Global Investors Lp, a New York-based fund reported 435,600 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 4 insider purchases, and 7 insider sales for $174.93 million net activity.
Ratings analysis reveals 60% of CBRE Group’s analysts are positive. Out of 5 Wall Street analysts rating CBRE Group, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $32 while the high is $45. The stock’s average target of $36.83 is 26.30% above today’s ($29.16) share price. CBG was included in 10 notes of analysts from August 12, 2015. The firm has “Conviction-Buy” rating given on Wednesday, August 12 by Goldman Sachs. The firm has “Buy” rating by Sterne Agee CRT given on Wednesday, August 26. The company was initiated on Monday, May 16 by Wood. The stock of CBRE Group Inc (NYSE:CBG) earned “Overweight” rating by Barclays Capital on Thursday, September 3. The stock of CBRE Group Inc (NYSE:CBG) has “Market Perform” rating given on Monday, May 16 by Keefe Bruyette & Woods. The stock has “Outperform” rating given by William Blair on Sunday, September 6. The firm has “Outperform” rating given on Thursday, October 6 by Wedbush.
CBRE Group, Inc., incorporated on February 20, 2001, is a holding firm that conducts all of its activities through its subsidiaries. The Firm is a commercial real estate services and investment company. The Firm operates through the divisions: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services. The Firm offers a range of services to occupiers, owners, lenders and investors in office, retail, industrial, multifamily and other types of commercial real estate. The Firm operates across the world providing commercial real estate services under the CBRE brand name, investment management services under the CBRE Global Investors brand name and development services under the Trammell Crow Company brand name.
Another recent and important CBRE Group Inc (NYSE:CBG) news was published by Businesswire.com which published an article titled: “CBRE Group, Inc. to Webcast Business Outlook Day Presentations” on November 28, 2016.
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By Winifred Garcia