Three Corner Global Investors LP Continues to Hold Stake in Cbre Group INC (CBG)

May 17, 2018 - By Jimmy Baldridge

CBRE Group Inc  Class A (NYSE:CBG) LogoInvestors sentiment increased to 1.24 in 2017 Q4. Its up 0.28, from 0.96 in 2017Q3. It is positive, as 28 investors sold CBG shares while 159 reduced holdings. 78 funds opened positions while 154 raised stakes. 308.33 million shares or 1.51% less from 313.05 million shares in 2017Q3 were reported. Capital Growth Mgmt LP stated it has 0.63% of its portfolio in CBRE Group Inc Class A (NYSE:CBG). Guardian Life Ins Company Of America holds 977 shares or 0.01% of its portfolio. Legal And General Group Public Lc invested in 0.05% or 1.52 million shares. Cipher Capital LP has invested 0.03% in CBRE Group Inc Class A (NYSE:CBG). Pinebridge Invs LP invested in 0.03% or 26,631 shares. Louisiana State Employees Retirement Sys has 18,300 shares for 0.04% of their portfolio. Sei Investments Com holds 0% or 30,987 shares. 11,987 are held by Liberty Mutual Gp Asset Management. State Of Tennessee Treasury Department holds 0.13% or 647,691 shares. Shelton Cap Management accumulated 109,558 shares or 0.3% of the stock. M&T Bancshares Corp reported 0.02% stake. Profund Advisors Ltd Llc owns 15,482 shares or 0.03% of their US portfolio. France-based Axa has invested 0.06% in CBRE Group Inc Class A (NYSE:CBG). Thompson Siegel & Walmsley Ltd reported 917,240 shares. Livforsakringsbolaget Skandia Omsesidigt holds 4,610 shares or 0.02% of its portfolio.

Since December 11, 2017, it had 0 insider buys, and 10 sales for $13.70 million activity. Frese Calvin W Jr sold $283,538 worth of CBRE Group Inc Class A (NYSE:CBG) on Thursday, March 8. 40,000 CBRE Group Inc Class A (NYSE:CBG) shares with value of $1.70 million were sold by SULENTIC ROBERT E. 20,000 shares valued at $866,400 were sold by KIRK J. CHRISTOPHER on Tuesday, December 12. Another trade for 29,483 shares valued at $1.41M was sold by CONCANNON WILLIAM F. Another trade for 25,888 shares valued at $1.16M was made by LAFITTE MICHAEL J on Thursday, February 15. 50,000 shares were sold by GROCH JAMES R, worth $2.25 million.

Three Corner Global Investors Lp increased its stake in Cbre Group Inc (CBG) by 24.62% based on its latest 2017Q4 regulatory filing with the SEC. Three Corner Global Investors Lp bought 151,000 shares as the company’s stock rose 11.11% while stock markets declined. The hedge fund held 764,400 shares of the finance company at the end of 2017Q4, valued at $33.11M, up from 613,400 at the end of the previous reported quarter. Three Corner Global Investors Lp who had been investing in Cbre Group Inc for a number of months, seems to be bullish on the $ market cap company. The stock decreased 0.23% or $0.11 during the last trading session, reaching $47.31. About 1.40 million shares traded or Infinity% up from the average. CBRE Group Inc Class A (NYSE:CBG) has risen 31.31% since May 17, 2017 and is uptrending. It has outperformed by 19.76% the S&P500.

Three Corner Global Investors Lp, which manages about $256.69 million and $350.35M US Long portfolio, decreased its stake in Citigroup Inc (NYSE:C) by 70,800 shares to 391,400 shares, valued at $29.12 million in 2017Q4, according to the filing. It also reduced its holding in Bank Amer Corp (NYSE:BAC) by 309,300 shares in the quarter, leaving it with 747,700 shares, and cut its stake in Eaton Vance Corp (NYSE:EV).

More notable recent CBRE Group Inc Class A (NYSE:CBG) news were published by: Bizjournals.com which released: “TJ Maxx, Big 5 Sporting Goods, more sign Natomas leases” on May 09, 2018, also Bizjournals.com with their article: “5 minutes with CBRE’s new Orlando managing director, Jim Gray” published on May 02, 2018, Bizjournals.com published: “Exclusive: Orlando’s top CBRE exec Bill Moss retires, replacement named” on May 01, 2018. More interesting news about CBRE Group Inc Class A (NYSE:CBG) were released by: Bizjournals.com and their article: “Developer seeks approval to convert AT&T/Bell South building in downtown Orlando” published on May 03, 2018 as well as Streetinsider.com‘s news article titled: “ValueAct’s 13F Shows New Stake in SLM Corp (SLM), Confirms Increase in Citi (C), Exits Microsoft (MSFT) (more…)” with publication date: May 15, 2018.

CBRE Group Inc Class A (NYSE:CBG) Ratings Coverage

Among 8 analysts covering CBRE Group (NYSE:CBG), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. CBRE Group had 11 analyst reports since December 21, 2017 according to SRatingsIntel. Raymond James initiated the stock with “Buy” rating in Tuesday, February 6 report. Keefe Bruyette & Woods maintained CBRE Group Inc Class A (NYSE:CBG) rating on Friday, February 9. Keefe Bruyette & Woods has “Hold” rating and $45.0 target. Barclays Capital maintained it with “Overweight” rating and $52 target in Tuesday, January 30 report. JP Morgan maintained CBRE Group Inc Class A (NYSE:CBG) rating on Tuesday, March 6. JP Morgan has “Overweight” rating and $53 target. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, March 8. The firm has “Buy” rating given on Friday, February 2 by William Blair. The firm has “Market Perform” rating by JMP Securities given on Wednesday, January 24. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The stock of CBRE Group Inc Class A (NYSE:CBG) earned “Buy” rating by Goldman Sachs on Tuesday, April 3. The firm has “Overweight” rating given on Thursday, March 15 by Barclays Capital.

CBRE Group Inc  Class A (NYSE:CBG) Ratings Chart

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