CBRE Group Inc (NYSE:CBG) Director Frederic V. Malek sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $47.68, for a total transaction of $2,384,000.00. Following the completion of the transaction, the director now directly owns 267,446 shares in the company, valued at $12,751,825.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of CBRE Group Inc (NYSE:CBG) traded down $0.37 during midday trading on Wednesday, hitting $47.25. 2,222,153 shares of the company’s stock traded hands, compared to its average volume of 2,298,109. The stock has a market cap of $16,184.35, a price-to-earnings ratio of 23.39, a P/E/G ratio of 1.20 and a beta of 1.72. CBRE Group Inc has a 52 week low of $32.30 and a 52 week high of $48.27. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.49.
CBRE Group (NYSE:CBG) last issued its earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.12 billion. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. equities research analysts forecast that CBRE Group Inc will post 3.07 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of CBG. Invictus RG purchased a new stake in shares of CBRE Group during the 3rd quarter worth $104,000. Fieldpoint Private Securities LLC purchased a new stake in shares of CBRE Group during the 3rd quarter worth $104,000. Cerebellum GP LLC purchased a new stake in shares of CBRE Group in the 4th quarter worth about $127,000. Tower Research Capital LLC TRC boosted its position in shares of CBRE Group by 818.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,059 shares of the financial services provider’s stock worth $132,000 after buying an additional 2,726 shares in the last quarter. Finally, Zions Bancorporation boosted its position in shares of CBRE Group by 5,136.8% in the 3rd quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock worth $135,000 after buying an additional 3,493 shares in the last quarter. Institutional investors own 94.31% of the company’s stock.
CBG has been the topic of several recent research reports. 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. ValuEngine raised shares of CBRE Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Wedbush reissued an “outperform” rating and issued a $46.50 price objective on shares of CBRE Group in a research note on Monday, February 12th. 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 Friday, February 2nd. Finally, William Blair reissued an “outperform” rating on shares of CBRE Group in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $47.28.
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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