UP!
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Type
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Public company |
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| Traded as | NYSE: CBG S&P 500 Component |
| Industry | Real estate |
| Founded | 1906 |
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Number of locations
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450 (2016) |
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Area served
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Worldwide |
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Key people
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| Products | Commercial real estate services |
| Revenue |  US$13.071 billion (2016) |
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Operating income
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 US$0.815 billion (2016) |
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Net income
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US$0.584 billion (2016) |
| Total assets | US$10.779 billion (2016) |
| Total equity | US$3.014 billion (2016) |
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Number of employees
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75,000 (2016) |
| Website | cbre |
CBRE Group, Inc. is the largest commercial real estate services and investment firm in the world. It is based in Los Angeles, California and operates more than 450 offices worldwide and has clients in more than 100 countries.
Services provided by the company include facilities management services to occupiers of commercial real estate as well as property management, leasing, capital markets, appraisal, and brokerage services to owners of commercial real estate. The CBRE Global Investors division sponsors real estate investments via investment funds and direct investments that it manages. As of December 31, 2016, the division had $86.6 billion in assets under management.
The company is ranked #214 on the Fortune 500 and has been included in the Fortune 500 in every year since 2008. The company receives business from 90 of the top 100 companies on the Fortune 100.
In 2016, the company received 55.3% of its revenue from the Americas, 30.0% of revenue from Europe, the Middle East and Africa, and 11.4% of revenue from the Asia Pacific region.
On August 27, 1906, following the 1906 San Francisco earthquake, Tucker, Lynch & Coldwell was established. In 1940, the company was renamed Coldwell Banker. In 1981, Coldwell Banker was acquired by Sears.
In 1989, Sears sold Coldwell Banker to a management-led buyout group that included The Carlyle Group for $305 million. The company was renamed CB Commercial.
By 1991, the company was suffering financially due to debt taken on from the leveraged buyout.
In 1995, the company acquired Westmark Realty Advisors for $37.5 million.
In 1996, the company acquired L.J. Melody & Co. for $15 million.
In 1996, the company became a public company via an initial public offering.
In 1997, the company acquired Koll Real Estate Services for $145 million.
In 1998, the company merged with Richard Ellis International (REI) Limited and changed its name to CB Richard Ellis. The company also acquired Hillier Parker May & Rowden for $69 million.
In 1999, the company acquired LirAntunez Propiedades SA, based in Chile, and merged its Japanese operations with Ikoma.
In 2001, the company was taken private by an investment group led by Blum Capital in an $800 million transaction.
In 2003, the company acquired Insignia Financial Group for $415 million in cash.
On June 10, 2004, the company once again became a public company via an initial public offering.
In 2006, the company was added to the S&P 500 Index.
In December 2006, the company acquired Trammell Crow Company for $2.2 billion.
In 2010, Gil Borok was promoted to chief financial officer of the company.
In 2011, the company acquired the real estate investment management business of ING Group for $940 million.
In 2011, the company changed its name to CBRE Group Inc.
In 2012, CEO Brett White retired and was replaced by the former president, Robert Sulentic.
In 2016, the company acquired Skye Group.
In 2017, the company acquired Floored and Mainstream.
| 2016-05-16 | Initiated Coverage | Keefe, Bruyette & Woods | Market Perform | $32.00 |
| 2016-01-27 | Lower Price Target | JPMorgan Chase & Co. | $47.00 to $39.00 | |
| 2015-10-20 | Boost Price Target | Barclays | Overweight | $43.00 to $45.00 |
| 2015-10-20 | Boost Price Target | Barclays PLC | Overweight | $43.00 to $45.00 |
| 2015-09-06 | Reiterated Rating | William Blair | Outperform | |
| 2015-09-03 | Boost Price Target | Barclays | Overweight | $41.00 to $43.00 |
| 2015-08-25 | Initiated Coverage | Sterne Agee CRT | Buy | $42.00 |
| 2015-08-12 | Downgrade | Goldman Sachs | Conviction-Buy to Buy | |
| 2015-08-12 | Downgrade | Goldman Sachs Group Inc. | Conviction-Buy to Buy | |
| 2015-07-18 | Lower Price Target | Barclays | Overweight | $43.00 to $41.00 |
| 2015-04-01 | Boost Price Target | JMP Securities | Market Outperform | $37.00 to $42.00 |
| 2014-12-04 | Boost Price Target | Barclays | Overweight | $34.00 to $35.00 |
| 2014-10-14 | Reiterated Rating | JPMorgan Chase & Co. | Overweight | $36.00 to $37.00 |
| 2014-07-31 | Boost Price Target | JMP Securities | $34.00 to $37.00 | |
| 2014-07-30 | Reiterated Rating | Jefferies Group | Market Outperform | $34.00 to $37.00 |
| 2014-07-21 | Boost Price Target | Barclays | Overweight | $30.00 to $33.00 |
| 2014-07-17 | Boost Price Target | JPMorgan Chase & Co. | Overweight | $31.00 to $36.00 |
| 2014-06-16 | Reiterated Rating | JMP Securities | Market Outperform | $32.00 to $34.00 |
| 2014-05-06 | Reiterated Rating | Barclays | Overweight | $29.00 to $30.00 |
| 2014-03-06 | Boost Price Target | JPMorgan Chase & Co. | $29.00 to $31.00 | |
| 2014-03-06 | Boost Price Target | Barclays | $27.00 to $29.00 | |
| 2014-03-06 | Initiated Coverage | Goldman Sachs | Neutral to Buy | |
| 2014-02-25 | Boost Price Target | JMP Securities | $27.00 to $32.00 | |
| 2011-08-01 | Reiterated | Barclays Capital | Overweight | $33 to $30 |
| 2011-04-01 | Reiterated | Barclays Capital | Overweight | $28 to $31 |
| 2010-12-22 | Reiterated | JMP Securities | Mkt Outperform | $20 to $24 |
| 2010-04-30 | Reiterated | JMP Securities | Mkt Outperform | $16 to $19 |
| 2009-09-17 | Downgrade | William Blair | Outperform to Mkt Perform | |
| 2009-03-25 | Upgrade | JP Morgan | Neutral to Overweight | |
| 2009-03-25 | Upgrade | JMP Securities | Mkt Perform to Mkt Outperform | |
| 2008-09-18 | Downgrade | JMP Securities | Mkt Outperform to Mkt Perform | |
| 2008-07-31 | Reiterated | JMP Securities | Mkt Outperform | $28 to $21 |
| 2008-07-31 | Downgrade | JP Morgan | Overweight to Neutral | |
| 2008-07-24 | Initiated | Lehman Brothers | Equal-Weight | |
| 2008-04-29 | Downgrade | Citigroup | Buy to Hold | $26 |
| 2008-02-07 | Reiterated | JMP Securities | Mkt Outperform | $30 to $28 |
| 2008-01-18 | Reiterated | Lehman Brothers | Overweight | $31 to $26 |
| 2008-01-07 | Downgrade | JMP Securities | Strong Buy to Mkt Outperform | $40 to $30 |
| 2016-05-16 | Initiated Coverage | Keefe, Bruyette & Woods | Market Perform | $32.00 |
| 2016-01-27 | Lower Price Target | JPMorgan Chase & Co. | $47.00 to $39.00 | |
| 2015-10-20 | Boost Price Target | Barclays | Overweight | $43.00 to $45.00 |
| 2015-10-20 | Boost Price Target | Barclays PLC | Overweight | $43.00 to $45.00 |
| 2015-09-06 | Reiterated Rating | William Blair | Outperform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In CBG 501 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| Vanguard Group, Inc | 51.62M |
| BlackRock Inc. | 30.14M |
| STATE STREET CORP | 14.09M |
| HARRIS ASSOCIATES L P | 12.28M |
| FMR LLC | 10.84M |
| ValueAct Holdings, L.P. | 9.23M |
| JANUS CAPITAL MANAGEMENT LLC | 8.58M |
| BlackRock Institutional Trust Company, N.A. | 7.84M |
| BlackRock Fund Advisors | 7.02M |
| GEODE CAPITAL MANAGEMENT, LLC | 7.01M |
| BAILLIE GIFFORD & CO | 6.16M |
| Invesco Ltd. | 6.10M |
| PRINCIPAL FINANCIAL GROUP INC | 5.86M |
| ALLIANCEBERNSTEIN L.P. | 5.75M |
| GENERATION INVESTMENT MANAGEMENT LLP | 5.53M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| ValueAct Holdings, L.P. See Remarks | 7.50% (24916923) | ADBE / ADS / ALSN / AWI / CBG / CIM / KAR / KKR / MSCI / STX / TRN / VRX / |
| Boze Brandon See Remarks | 6.00% (19916923) | CBG / |
| WIRTA RAYMOND E | 0.33% (1111339) | CBG / |
| SULENTIC ROBERT E President and CEO | 0.22% (730373) | CBG / SPLS / |
| GROCH JAMES R EVP, Chief Investment Officer | 0.16% (528015) | CBG / |
| LAFITTE MICHAEL J Global President, CBRE Svcs. | 0.11% (356555) | CBG / |
| Khourie Matthew S President, Global Investors | 0.09% (313537) | CBG / |
| Blain Rob CEO, Asia Pacific | 0.09% (300265) | CBG / |
| Frese Calvin W Jr CEO, Americas | 0.08% (272755) | CBG / |
| KIRK J. CHRISTOPHER EVP, Chief Admin. Officer | 0.04% (140716) | CBG / |
| WILSON GARY L | 0.04% (139985) | CBG / |
| FERGUSON T RITSON CEO, CBRE Global Investors | 0.04% (124955) | CBG / |
| Midler Laurence H EVP, General Counsel | 0.04% (120246) | CBG / |
| FREEMAN BRADFORD M | 0.04% (116458) | CBG / EIX / |
| Strong Michael J CEO, EMEA | 0.03% (106417) | CBG / |
| Kantor Michael | 0.02% (55468) | CBG / |
| Borok Gil EVP, Chief Financial Officer | 0.01% (45872) | CBG / |
| FEENY CURTIS F | 0.01% (45197) | CBG / SPLS / |
| Jenny Christopher T | 0.01% (40345) | CBG / |
| GAFFNER ARLIN E Chief Accounting Officer | 0.01% (39990) | CBG / |
| BLUM RICHARD C | 0.01% (37169) | CBG / |
| TYSON LAURA D | 0.01% (31371) | CBG / MS / SSNI / T / |
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