As Cbre Group (CBG) Shares Declined, Shareholder Putnam Investments Decreased Position; Visa (V) Holder Edgewood Management Has Raised Stake by $78.59 Million

February 15, 2018 - By Vivian Currie

Edgewood Management Llc increased its stake in Visa Inc (V) by 5.62% based on its latest 2017Q3 regulatory filing with the SEC. Edgewood Management Llc bought 748,468 shares as the company’s stock rose 5.74% with the market. The institutional investor held 14.06M shares of the business services company at the end of 2017Q3, valued at $1.48 billion, up from 13.31M at the end of the previous reported quarter. Edgewood Management Llc who had been investing in Visa Inc for a number of months, seems to be bullish on the $274.26B market cap company. The stock increased 0.75% or $0.9 during the last trading session, reaching $121.52. About 4.20M shares traded. Visa Inc. (NYSE:V) has risen 20.29% since February 15, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Putnam Investments Llc decreased its stake in Cbre Group Inc (CBG) by 3.05% based on its latest 2017Q3 regulatory filing with the SEC. Putnam Investments Llc sold 9,731 shares as the company’s stock declined 5.61% while stock markets rallied. The institutional investor held 309,481 shares of the finance company at the end of 2017Q3, valued at $11.72M, down from 319,212 at the end of the previous reported quarter. Putnam Investments Llc who had been investing in Cbre Group Inc for a number of months, seems to be less bullish one the $14.93B market cap company. The stock decreased 0.95% or $0.43 during the last trading session, reaching $44.61. About 1.15M shares traded. CBRE Group, Inc. (NYSE:CBG) has risen 21.33% since February 15, 2017 and is uptrending. It has outperformed by 4.63% the S&P500.

Edgewood Management Llc, which manages about $9.25B and $21.75B US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 274,335 shares to 1.20 million shares, valued at $1.15B in 2017Q3, according to the filing. It also reduced its holding in Paypal Hldgs Inc by 4.11 million shares in the quarter, leaving it with 15.44M shares, and cut its stake in Nvidia Corp (NASDAQ:NVDA).

Since August 17, 2017, it had 0 buys, and 2 insider sales for $6.36 million activity. 10,400 shares were sold by CRANSTON MARY B, worth $1.07M. On Friday, December 15 the insider MAHON TULLIER KELLY sold $5.65M.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.13, from 1.13 in 2017Q2. It worsened, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Fmr Limited Company holds 1.1% or 86.36M shares in its portfolio. Mackenzie Financial Corp has invested 0.63% in Visa Inc. (NYSE:V). Arrow Corporation has 92,758 shares. Pictet Financial Bank And Trust Ltd has invested 1.64% of its portfolio in Visa Inc. (NYSE:V). Summit Wealth Advisors Limited owns 3,347 shares. Stearns Fin Group Inc stated it has 7,454 shares or 0.2% of all its holdings. Gotham Asset Management Ltd Liability Company has invested 0.22% in Visa Inc. (NYSE:V). Capital Fund Mngmt holds 0.11% in Visa Inc. (NYSE:V) or 148,228 shares. Canada Pension Plan Invest Board holds 0.02% in Visa Inc. (NYSE:V) or 104,521 shares. Levin Capital Strategies Limited Partnership has invested 0.01% in Visa Inc. (NYSE:V). 108 are held by Stevens First Principles Investment Advisors. Dynamic Advsr Solutions Limited Liability accumulated 0.95% or 22,853 shares. California Employees Retirement System holds 4.28 million shares. Bluemar Cap Mgmt Limited Liability Company holds 44,800 shares. Spinnaker accumulated 33,025 shares.

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. Mizuho maintained Visa Inc. (NYSE:V) on Wednesday, October 11 with “Buy” rating. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Mizuho on Friday, February 2. The rating was maintained by Stephens on Friday, February 2 with “Buy”. RBC Capital Markets maintained Visa Inc. (NYSE:V) rating on Friday, September 22. RBC Capital Markets has “Buy” rating and $124.0 target. The rating was maintained by RBC Capital Markets on Thursday, January 4 with “Buy”. The firm earned “Buy” rating on Monday, December 5 by Guggenheim. The stock has “Buy” rating by Stifel Nicolaus on Friday, July 22. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Bank of America on Friday, July 21. UBS maintained Visa Inc. (NYSE:V) on Tuesday, October 25 with “Buy” rating. RBC Capital Markets maintained Visa Inc. (NYSE:V) rating on Monday, August 21. RBC Capital Markets has “Buy” rating and $111.0 target.

Putnam Investments Llc, which manages about $89.35 billion and $43.31 billion US Long portfolio, upped its stake in Class A by 120,117 shares to 762,365 shares, valued at $33.17 million in 2017Q3, according to the filing. It also increased its holding in Hyatt Hotels Corp (NYSE:H) by 14,825 shares in the quarter, for a total of 166,397 shares, and has risen its stake in Calatlantic Group Inc.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.06, from 0.9 in 2017Q2. It increased, as 24 investors sold CBG shares while 172 reduced holdings. 60 funds opened positions while 129 raised stakes. 313.05 million shares or 0.66% less from 315.14 million shares in 2017Q2 were reported. Systematic Fincl Ltd Partnership holds 0.54% or 699,495 shares in its portfolio. Fifth Third State Bank reported 44,276 shares stake. Asset One Limited reported 476,335 shares. 195,300 were reported by Grantham Mayo Van Otterloo And Com Lc. Commonwealth Equity Incorporated holds 5,347 shares or 0% of its portfolio. Raymond James And Assocs, a Florida-based fund reported 88,905 shares. Van Eck Associate Corporation holds 0.09% of its portfolio in CBRE Group, Inc. (NYSE:CBG) for 452,508 shares. Eaton Vance Mgmt invested in 0.02% or 171,269 shares. 10 were reported by Baystate Wealth Mgmt Ltd. Oppenheimer & invested in 38,700 shares. Cadence Mngmt Ltd, Massachusetts-based fund reported 38,069 shares. Putnam Invests Ltd Liability Company stated it has 0.03% in CBRE Group, Inc. (NYSE:CBG). Ameriprise Fincl owns 188,667 shares or 0% of their US portfolio. Denali has invested 0.05% in CBRE Group, Inc. (NYSE:CBG). Kbc Grp Nv, a Belgium-based fund reported 76,303 shares.

Since August 16, 2017, it had 0 buys, and 7 selling transactions for $201.70 million activity. ValueAct Holdings – L.P. had sold 5.50M shares worth $197.45 million. On Tuesday, August 22 the insider LAFITTE MICHAEL J sold $991,734. Frese Calvin W Jr sold 25,000 shares worth $1.00M. The insider MALEK FREDERIC V sold $298,644. $866,400 worth of stock was sold by KIRK J. CHRISTOPHER on Tuesday, December 12. CONCANNON WILLIAM F sold $975,493 worth of CBRE Group, Inc. (NYSE:CBG) on Thursday, October 5.

Among 11 analysts covering CBRE Group (NYSE:CBG), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. CBRE Group had 26 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was initiated by Raymond James with “Buy” on Tuesday, February 6. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, July 27. The rating was maintained by Barclays Capital on Tuesday, July 18 with “Overweight”. The firm earned “Market Perform” rating on Wednesday, January 24 by JMP Securities. William Blair maintained CBRE Group, Inc. (NYSE:CBG) on Sunday, September 6 with “Outperform” rating. The stock of CBRE Group, Inc. (NYSE:CBG) earned “Hold” rating by Keefe Bruyette & Woods on Friday, November 3. The stock of CBRE Group, Inc. (NYSE:CBG) earned “Hold” rating by Keefe Bruyette & Woods on Monday, May 29. The rating was reinitiated by William Blair on Friday, February 2 with “Buy”. Goldman Sachs downgraded the shares of CBG in report on Wednesday, August 12 to “Conviction-Buy” rating. Sterne Agee CRT initiated CBRE Group, Inc. (NYSE:CBG) rating on Wednesday, August 26. Sterne Agee CRT has “Buy” rating and $42 target.

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