CBRE Group Inc (NYSE:CBG) – Research analysts at William Blair issued their Q1 2018 earnings per share estimates for shares of CBRE Group in a report issued on Thursday. William Blair analyst S. Sheldon forecasts that the financial services provider will earn $0.56 per share for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for CBRE Group’s Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.72 EPS and Q4 2018 earnings at $1.15 EPS.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, January 10th. Barclays lifted their target price on CBRE Group from $47.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Raymond James Financial began coverage on CBRE Group in a report on Tuesday, February 6th. They issued an “outperform” rating and a $55.00 target price for the company. Evercore ISI upgraded CBRE Group from an “in-line” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Friday. Finally, JMP Securities downgraded CBRE Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $45.50.
CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. The company 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 firm’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share.
In other news, insider Robert E. Sulentic sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $43.16, for a total transaction of $1,942,200.00. Following the completion of the sale, the insider now owns 637,971 shares in the company, valued at $27,534,828.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Valueact Capital Master Fund, sold 882,206 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $42.84, for a total value of $37,793,705.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,960,687 shares of company stock valued at $126,486,405. 1.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invictus RG bought a new stake in shares of CBRE Group during the third quarter valued at approximately $104,000. Fieldpoint Private Securities LLC bought a new stake in shares of CBRE Group during the third quarter valued at approximately $104,000. Cerebellum GP LLC bought a new stake in shares of CBRE Group during the fourth quarter valued at approximately $127,000. Tower Research Capital LLC TRC increased its holdings in shares of CBRE Group by 818.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,059 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 2,726 shares in the last quarter. Finally, Zions Bancorporation increased its holdings in shares of CBRE Group by 5,136.8% during the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 3,493 shares in the last quarter. Hedge funds and other institutional investors own 94.66% 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.
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