CBRE Group Inc (NYSE:CBG) insider Calvin W. Frese, Jr. sold 25,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $44.17, for a total value of $1,104,250.00. Following the completion of the sale, the insider now directly owns 213,121 shares of the company’s stock, valued at approximately $9,413,554.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of CBRE Group Inc (NYSE:CBG) opened at $45.20 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 1.08. The stock has a market capitalization of $15,251.90, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 1.12 and a beta of 1.83. CBRE Group Inc has a one year low of $32.30 and a one year high of $46.60.
CBRE Group (NYSE:CBG) last posted its earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. equities analysts expect that CBRE Group Inc will post 3.07 EPS for the current year.
Several equities research analysts recently commented on CBG shares. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Friday, February 2nd. ValuEngine raised CBRE Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays reaffirmed a “buy” rating and issued a $47.00 price target on shares of CBRE Group in a report on Wednesday, December 27th. Bank of America increased their price target on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, November 6th. Finally, Evercore ISI started coverage on CBRE Group in a report on Monday, January 22nd. They issued an “in-line” rating and a $48.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $46.56.
A number of hedge funds have recently bought and sold shares of CBG. Advisor Group Inc. increased its stake in CBRE Group by 6.6% during the second quarter. Advisor Group Inc. now owns 5,480 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 337 shares during the last quarter. Virtu KCG Holdings LLC increased its stake in CBRE Group by 19.6% during the second quarter. Virtu KCG Holdings LLC now owns 8,414 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 1,378 shares during the last quarter. Stifel Financial Corp increased its stake in CBRE Group by 7.4% during the second quarter. Stifel Financial Corp now owns 38,846 shares of the financial services provider’s stock worth $1,415,000 after acquiring an additional 2,692 shares during the last quarter. Macquarie Group Ltd. increased its stake in CBRE Group by 5.6% during the second quarter. Macquarie Group Ltd. now owns 7,600 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 400 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in CBRE Group by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 318,212 shares of the financial services provider’s stock worth $11,583,000 after acquiring an additional 9,385 shares during the last quarter. 94.44% of the stock is owned by institutional investors.
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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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