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.
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.
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