CBRE Group Inc (CBG) Announces $0.25 Quarterly Dividend

CBRE Group Inc (NYSE:CBG) announced a quarterly dividend on Monday, February 12th, RTT News reports. Stockholders of record on Monday, April 23rd will be given a dividend of 0.25 per share by the financial services provider on Tuesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.39%.

Shares of CBRE Group (NYSE CBG) opened at $41.90 on Monday. The company has a market capitalization of $14,223.34, a price-to-earnings ratio of 20.64, a PEG ratio of 1.05 and a beta of 1.83. The company has a current ratio of 1.08, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. CBRE Group has a twelve month low of $32.30 and a twelve month high of $46.60.

CBRE Group (NYSE:CBG) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The business had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. research analysts predict that CBRE Group will post 3.08 earnings per share for the current year.

In related news, Director Frederic V. Malek sold 50,000 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $42.87, for a total transaction of $2,143,500.00. Following the completion of the sale, the director now directly owns 267,446 shares of the company’s stock, valued at approximately $11,465,410.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Valueact Capital Master Fund, sold 882,206 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $42.84, for a total transaction of $37,793,705.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,960,687 shares of company stock valued at $126,486,405. 1.00% of the stock is owned by corporate insiders.

A number of research firms have recently commented on CBG. Wedbush restated an “outperform” rating and set a $46.50 price objective on shares of CBRE Group in a report on Monday. ValuEngine upgraded CBRE Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Friday. William Blair reaffirmed an “outperform” rating on shares of CBRE Group in a research report on Friday, February 2nd. Finally, Raymond James Financial started coverage on shares of CBRE Group in a research report on Tuesday, February 6th. They set an “outperform” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $46.56.

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About CBRE Group

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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