CBRE Group, Inc. (CBG) Insider Sells $452,280.00 in Stock
CBRE Group, Inc. (NYSE:CBG) insider Calvin W. Frese, Jr. sold 11,307 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $40.00, for a total transaction of $452,280.00. Following the completion of the sale, the insider now directly owns 246,473 shares in the company, valued at approximately $9,858,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CBRE Group, Inc. (CBG) traded up 0.57% during mid-day trading on Friday, hitting $40.24. 1,402,614 shares of the stock traded hands. CBRE Group, Inc. has a 1-year low of $25.40 and a 1-year high of $40.35. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 19.64 and a beta of 1.82. The company’s 50 day moving average price is $37.81 and its 200-day moving average price is $36.12.
CBRE Group (NYSE:CBG) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.12. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.39 billion. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. Analysts predict that CBRE Group, Inc. will post $2.57 earnings per share for the current year.
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Several research firms have recently issued reports on CBG. Barclays PLC boosted their price target on shares of CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. BidaskClub lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Wedbush reissued an “outperform” rating and issued a $38.00 price target on shares of CBRE Group in a research report on Wednesday, August 2nd. UBS AG began coverage on shares of CBRE Group in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price target on the stock. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 price target on shares of CBRE Group in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $39.60.
Several institutional investors and hedge funds have recently bought and sold shares of CBG. Harbour Capital Advisors LLC purchased a new position in shares of CBRE Group in the first quarter worth approximately $118,000. GQG Partners LLC purchased a new position in shares of CBRE Group in the second quarter worth approximately $122,000. BB&T Investment Services Inc. purchased a new position in shares of CBRE Group in the second quarter worth approximately $125,000. Advisor Group Inc. boosted its holdings in shares of CBRE Group by 6.6% in the second quarter. Advisor Group Inc. now owns 5,480 shares of the financial services provider’s stock worth $198,000 after buying an additional 337 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of CBRE Group in the first quarter worth approximately $206,000. 95.49% of the stock is currently owned by institutional investors.
CBRE Group Company Profile
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.
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