CBRE Group, Inc. (CBG) Insider Robert E. Sulentic Sells 45,000 Shares

CBRE Group, Inc. (NYSE:CBG) insider Robert E. Sulentic sold 45,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $43.16, for a total value of $1,942,200.00. Following the completion of the transaction, the insider now directly owns 637,971 shares of the company’s stock, valued at $27,534,828.36. The sale was disclosed in a filing with the SEC, which is available at this link.

CBRE Group, Inc. (CBG) traded down $0.17 during midday trading on Friday, reaching $43.19. The company had a trading volume of 2,569,914 shares, compared to its average volume of 1,972,542. The company has a market cap of $14,660.00, a price-to-earnings ratio of 16.13, a PEG ratio of 1.23 and a beta of 1.83. CBRE Group, Inc. has a 1-year low of $29.45 and a 1-year high of $43.54. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.28 and a current ratio of 1.28.

CBRE Group (NYSE:CBG) last released its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.10. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.45 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. CBRE Group’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 EPS. research analysts anticipate that CBRE Group, Inc. will post 2.67 earnings per share for the current year.

CBG has been the topic of a number of research analyst reports. Bank of America increased their price target on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. BidaskClub lowered CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Barclays increased their price target on CBRE Group from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $40.33.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invictus RG bought a new position in CBRE Group in the 3rd quarter valued at $104,000. Fieldpoint Private Securities LLC bought a new position in CBRE Group in the 3rd quarter valued at $104,000. GQG Partners LLC bought a new position in CBRE Group in the 2nd quarter valued at $122,000. BB&T Investment Services Inc. bought a new position in CBRE Group in the 2nd quarter valued at $125,000. Finally, Zions Bancorporation boosted its position in CBRE Group by 5,136.8% in the 3rd quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock valued at $135,000 after buying an additional 3,493 shares during the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for CBRE Group (NYSE:CBG)

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