CBRE Group Inc (NYSE:CBG) insider Robert E. Sulentic sold 40,000 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $42.56, for a total transaction of $1,702,400.00. Following the completion of the sale, the insider now directly owns 597,971 shares in the company, valued at approximately $25,449,645.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of CBRE Group Inc (CBG) traded up $0.99 on Tuesday, reaching $44.14. 2,808,323 shares of the company’s stock were exchanged, compared to its average volume of 2,087,857. The company has a quick ratio of 1.28, a current ratio of 1.08 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $14,820.00, a PE ratio of 21.74, a P/E/G ratio of 1.05 and a beta of 1.83. CBRE Group Inc has a twelve month low of $32.30 and a twelve month high of $46.60.
CBRE Group (NYSE:CBG) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. The business had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.12 billion. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 earnings per share. research analysts forecast that CBRE Group Inc will post 3.08 EPS for the current fiscal year.
Several analysts recently weighed in on CBG shares. ValuEngine raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Barclays reissued a “buy” rating and issued a $47.00 price objective on shares of CBRE Group in a research note on Wednesday, December 27th. Bank of America boosted their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research raised shares of CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Wednesday, January 10th. Finally, Evercore ISI started coverage on shares of CBRE Group in a research note on Monday, January 22nd. They issued an “in-line” rating and a $48.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. CBRE Group currently has an average rating of “Buy” and an average target price of $46.56.
Institutional investors and hedge funds have recently modified their holdings of the business. Fieldpoint Private Securities LLC bought a new stake in CBRE Group during the third quarter valued at $104,000. Invictus RG bought a new stake in CBRE Group during the third quarter valued at $104,000. Cerebellum GP LLC bought a new stake in CBRE Group during the fourth quarter valued at $127,000. Tower Research Capital LLC TRC boosted its position in shares of CBRE Group by 818.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,059 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 2,726 shares in the last quarter. Finally, Zions Bancorporation boosted its position in shares of CBRE Group by 5,136.8% during the 3rd quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 3,493 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.
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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