CBRE Group, Inc. (NYSE:CBG) EVP Laurence H. Midler sold 7,878 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $40.69, for a total transaction of $320,555.82. Following the completion of the sale, the executive vice president now directly owns 82,663 shares of the company’s stock, valued at approximately $3,363,557.47. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
CBRE Group, Inc. (NYSE:CBG) opened at $42.18 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. CBRE Group, Inc. has a fifty-two week low of $27.68 and a fifty-two week high of $42.23. The company has a market cap of $14,318.38, a P/E ratio of 15.92, a PEG ratio of 1.22 and a beta of 1.83.
CBRE Group (NYSE:CBG) last issued its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.54 by $0.10. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.45 billion. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. research analysts anticipate that CBRE Group, Inc. will post 2.67 earnings per share for the current year.
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Several analysts have recently weighed in on CBG shares. Barclays PLC increased their price target on shares of CBRE Group from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 price objective on shares of CBRE Group in a report on Friday, July 21st. Bank of America Corporation upped their price objective on shares of CBRE Group from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, November 6th. BidaskClub lowered shares of CBRE Group from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Finally, UBS AG started coverage on shares of CBRE Group in a report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. CBRE Group presently has an average rating of “Hold” and a consensus target price of $40.33.
A number of institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation lifted its holdings in 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 buying an additional 3,493 shares in the last quarter. Caxton Associates LP acquired a new stake in CBRE Group during the 3rd quarter worth approximately $439,000. Chevy Chase Trust Holdings Inc. lifted its holdings in CBRE Group by 1.1% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 263,392 shares of the financial services provider’s stock worth $9,977,000 after buying an additional 2,987 shares in the last quarter. Magnetar Financial LLC acquired a new stake in CBRE Group during the 3rd quarter worth approximately $216,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in CBRE Group by 70.9% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 313,724 shares of the financial services provider’s stock worth $11,884,000 after buying an additional 130,144 shares in the last quarter. Institutional investors own 95.65% of the company’s stock.
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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