CBRE Group, Inc. (NYSE:CBG) insider Calvin W. Frese, Jr. sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $41.01, for a total value of $820,200.00. Following the transaction, the insider now owns 201,673 shares in the company, valued at approximately $8,270,609.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of CBRE Group, Inc. (CBG) opened at $42.18 on Tuesday. CBRE Group, Inc. has a one year low of $27.68 and a one year high of $42.21. The stock has a market capitalization of $14,097.74, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.22 and a beta of 1.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66.
CBRE Group (NYSE:CBG) last announced its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.10. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.50 earnings per share. equities research analysts expect that CBRE Group, Inc. will post 2.63 EPS for the current fiscal year.
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Several large investors have recently bought and sold shares of the company. Sentry Investment Management LLC grew its holdings in shares of CBRE Group by 0.3% during the second quarter. Sentry Investment Management LLC now owns 21,861 shares of the financial services provider’s stock valued at $796,000 after purchasing an additional 59 shares during the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of CBRE Group by 0.7% during the second quarter. Wetherby Asset Management Inc. now owns 13,970 shares of the financial services provider’s stock valued at $509,000 after purchasing an additional 93 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of CBRE Group by 1.4% during the second quarter. Ameritas Investment Partners Inc. now owns 7,240 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 99 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of CBRE Group by 0.4% during the second quarter. CIBC Asset Management Inc now owns 29,272 shares of the financial services provider’s stock valued at $1,066,000 after purchasing an additional 113 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in CBRE Group by 1.1% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the financial services provider’s stock worth $681,000 after buying an additional 200 shares in the last quarter. 95.65% of the stock is owned by institutional investors.
CBG has been the topic of a number of recent research reports. Bank of America Corporation boosted their price objective on CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 price objective on shares of CBRE Group in a research note on Friday, July 21st. UBS AG began coverage on CBRE Group in a research note on Wednesday, July 26th. They set a “neutral” rating and a $41.00 price objective on the stock. Wedbush reiterated an “outperform” rating and issued a $38.00 price target on shares of CBRE Group in a research note on Wednesday, August 2nd. Finally, Barclays PLC boosted their price target on CBRE Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.33.
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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