Robeco Institutional Asset Management B.v. Significantly Increases Its Investment in CBRE Group Inc Class A (CBG)


CBRE Group Inc Class A (NYSE:CBG).

Robeco Institutional Asset Management B.v. bought 222,959 shares in quarter ending 09/30/2017 increasing its exposure to CBRE Group Inc Class A by 146.4%. Its investment stood at $14,214,000 an increase of 156.4% according to the filing.

Here are some institutional investors who have increased or decreased their stake in (CBG). Ingalls & Snyder LLC divested its investment by shedding 101 shares a decrease of 0.1%. Ingalls & Snyder LLC currently owns 69,483 shares with a value of $2,632,000. The total value of its holdings increased 3.9%. As of quarter end State Treasurer State Of Michigan had bought a total of 642,900 shares growing its holdings by 650.5%. The value of the total investment in CBRE Group Inc Class A increased from $3,597,000 to $28,097,000 increasing 681.1% quarter to quarter.

As of the end of the quarter Cutter & CO Brokerage, Inc. had disposed of 117 shares trimming its stake by 1.7%. The value in dollars went from $251,000 to $257,000 a change of $6,000 for the reporting period.

July 18 investment analysts at Barclays made no change to the company rating of “Overweight” but lowered the price target to $42.00 from $45.00. On July 26 analysts at UBS began coverage of the stock by announcing an initial rating of “Neutral”.

On August 15 Barclays kept the stock rating at “Overweight” and raised the price expectation from $42.00 to $43.00.

The company is down by 1.59%% since yesterday’s close of 40.24. The stock last traded at $39.60 just a bit higher than the 50 day moving average which is $38.02 and a bit higher than the 200 day moving average of $36.27. The 50 day moving average moved up $1.58 whereas the 200 day average was up by +9.19%.

CBRE Group Inc Class A currently has a P/E ratio of 19.33 and the market value is 13.34B. As of the latest earnings report the EPS was $2.05 and is projected to be $2.57 for the current year with 336,975,000 shares outstanding. Next quarter’s EPS is estimated at $0.95 with next year’s EPS projected to be $2.68.

Traders are feeling more bullish recently as indicated by the downtick in short interest. The firm had a fall in short interest of -6.32% as of the latest report on September 29, 2017. Short shares decreased 595,166 over that timeframe. With short interest at 8,818,790 and short average daily volume at 1,485,853, the short-interest ratio is 6.0 and the percentage of shorted shares was 0.03% on September 29.