CBRE Group CFO Sells $876,000 in Stock (CBG)
CBRE Group (NYSE:CBG) CFO Gil Borok sold 30,000 shares of the stock on the open market in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $29.20, for a total value of $876,000.00. Following the transaction, the chief financial officer now directly owns 162,092 shares of the company’s stock, valued at approximately $4,733,086. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of CBRE Group (NYSE:CBG) traded down 0.17% on Thursday, hitting $29.02. 1,197,423 shares of the company’s stock traded hands. CBRE Group has a one year low of $20.59 and a one year high of $29.45. The stock’s 50-day moving average is $27.67 and its 200-day moving average is $26.36. The company has a market cap of $9.578 billion and a P/E ratio of 27.98.
CBRE Group (NYSE:CBG) last announced its earnings results on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.08. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.71 billion. On average, analysts predict that CBRE Group will post $1.64 earnings per share for the current fiscal year.
CBG has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of CBRE Group in a research note on Tuesday, May 6th. They now have a $30.00 price target on the stock, up previously from $29.00. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of CBRE Group from $29.00 to $31.00 in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating and two have given a buy rating to the company. CBRE Group has a consensus rating of “Hold” and a consensus price target of $29.50.
CBRE Group, Inc is a holding company that conducts all of its operations through its indirect subsidiaries.
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