CBRE Group Inc (NYSE:CBG) Director Frederic V. Malek sold 50,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $47.68, for a total transaction of $2,384,000.00. Following the completion of the sale, the director now owns 267,446 shares in the company, valued at $12,751,825.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
CBRE Group Inc (NYSE CBG) traded down $0.37 during trading hours on Wednesday, reaching $47.25. 2,222,153 shares of the company’s stock were exchanged, compared to its average volume of 2,298,109. The stock has a market cap of $16,184.35, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.20 and a beta of 1.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.18 and a current ratio of 1.18. CBRE Group Inc has a 52 week low of $32.30 and a 52 week high of $48.27.
CBRE Group (NYSE:CBG) last released its earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. The company had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.12 billion. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. equities analysts predict that CBRE Group Inc will post 3.07 earnings per share for the current year.
The company also recently announced 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 2.12%.
CBG has been the topic of several recent research reports. Evercore ISI initiated coverage on shares of CBRE Group in a research report on Monday, January 22nd. They issued an “in-line” rating and a $48.00 price objective on the stock. Zacks Investment Research lowered shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Barclays reiterated a “buy” rating and issued a $47.00 price objective on shares of CBRE Group in a research report on Wednesday, December 27th. ValuEngine upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, JMP Securities lowered shares of CBRE Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. CBRE Group has a consensus rating of “Buy” and an average price target of $47.28.
A number of large investors have recently added to or reduced their stakes in the business. BB&T Corp lifted its holdings in CBRE Group by 0.5% in the 4th quarter. BB&T Corp now owns 212,059 shares of the financial services provider’s stock valued at $9,184,000 after purchasing an additional 1,134 shares in the last quarter. Advisory Services Network LLC lifted its holdings in CBRE Group by 49.0% in the 4th quarter. Advisory Services Network LLC now owns 3,977 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 1,307 shares in the last quarter. Norinchukin Bank The lifted its holdings in CBRE Group by 7.3% in the 3rd quarter. Norinchukin Bank The now owns 22,387 shares of the financial services provider’s stock valued at $848,000 after purchasing an additional 1,518 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in CBRE Group by 24.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 8,303 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 1,612 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in CBRE Group by 3.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 62,591 shares of the financial services provider’s stock valued at $2,711,000 after purchasing an additional 1,871 shares in the last quarter. Institutional investors own 94.31% 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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