CBRE Group Inc (NYSE:CBG) Insider Sells $1,104,250.00 in Stock

CBRE Group Inc (NYSE:CBG) insider Calvin W. Frese, Jr. sold 25,000 shares of CBRE Group stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $44.17, for a total transaction of $1,104,250.00. Following the completion of the transaction, the insider now owns 213,121 shares in the company, valued at $9,413,554.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

CBRE Group Inc (NYSE:CBG) traded up $1.17 during midday trading on Friday, hitting $45.95. 2,170,000 shares of the stock were exchanged, compared to its average volume of 2,469,367. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 1.08. CBRE Group Inc has a one year low of $32.30 and a one year high of $46.60. The firm has a market cap of $15,200.98, a P/E ratio of 22.64, a P/E/G ratio of 1.12 and a beta of 1.83.

CBRE Group (NYSE:CBG) last issued its earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. The business had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. analysts expect that CBRE Group Inc will post 3.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.18%.

Several equities research analysts have commented on the stock. William Blair restated an “outperform” rating on shares of CBRE Group in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Wednesday, January 10th. Barclays lifted their price target on CBRE Group from $47.00 to $52.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Wedbush reaffirmed an “outperform” rating and set a $46.50 price target on shares of CBRE Group in a research note on Monday, February 12th. Finally, Raymond James Financial began coverage on CBRE Group in a research note on Tuesday, February 6th. They set an “outperform” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $46.56.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fieldpoint Private Securities LLC purchased a new position in CBRE Group in the 3rd quarter worth approximately $104,000. Invictus RG purchased a new position in shares of CBRE Group during the 3rd quarter valued at approximately $104,000. Cerebellum GP LLC purchased a new position in shares of CBRE Group during the 4th quarter valued at approximately $127,000. Tower Research Capital LLC TRC boosted its stake 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 valued at $132,000 after buying an additional 2,726 shares during the last quarter. Finally, Zions Bancorporation boosted its stake 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 valued at $135,000 after buying an additional 3,493 shares during the last quarter. Hedge funds and other institutional investors own 95.34% of the company’s stock.

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CBRE Group Company Profile

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.

Insider Buying and Selling by Quarter for CBRE Group (NYSE:CBG)

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