CBRE Group, Inc. (NYSE:CBG) insider Robert E. Sulentic sold 90,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $35.91, for a total transaction of $3,231,900.00. Following the completion of the transaction, the insider now directly owns 833,590 shares of the company’s stock, valued at $29,934,216.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of CBRE Group, Inc. (CBG) traded up 0.22% during midday trading on Tuesday, hitting $36.13. 2,301,643 shares of the stock were exchanged. The firm has a market cap of $12.17 billion, a P/E ratio of 17.63 and a beta of 1.83. The stock’s 50 day moving average is $37.10 and its 200 day moving average is $35.21. CBRE Group, Inc. has a 12-month low of $25.40 and a 12-month high of $38.99.

CBRE Group (NYSE:CBG) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.12. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.39 billion. CBRE Group had a net margin of 5.21% and a return on equity of 26.40%. CBRE Group’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.52 EPS. On average, equities research analysts forecast that CBRE Group, Inc. will post $2.58 earnings per share for the current fiscal year.

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A number of research firms have weighed in on CBG. Barclays PLC upped their price objective on shares of CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday. Wedbush reissued an “outperform” rating and issued a $38.00 price objective on shares of CBRE Group in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of CBRE Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. UBS AG began coverage on shares of CBRE Group in a research report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price objective for the company. Finally, BidaskClub cut shares of CBRE Group from a “hold” rating to a “sell” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $39.60.

A number of hedge funds have recently bought and sold shares of the company. Cleararc Capital Inc. raised its stake in CBRE Group by 0.8% in the first quarter. Cleararc Capital Inc. now owns 7,343 shares of the financial services provider’s stock valued at $255,000 after buying an additional 56 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in CBRE Group by 0.7% in the second quarter. Wetherby Asset Management Inc. now owns 13,970 shares of the financial services provider’s stock valued at $509,000 after buying an additional 93 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in CBRE Group by 1.4% in the second quarter. Ameritas Investment Partners Inc. now owns 7,240 shares of the financial services provider’s stock valued at $263,000 after buying an additional 99 shares in the last quarter. CIBC Asset Management Inc raised its stake in CBRE Group by 0.4% in the second quarter. CIBC Asset Management Inc now owns 29,272 shares of the financial services provider’s stock valued at $1,066,000 after buying an additional 113 shares in the last quarter. Finally, Advantus Capital Management Inc raised its stake in CBRE Group by 0.4% in the first quarter. Advantus Capital Management Inc now owns 30,100 shares of the financial services provider’s stock valued at $1,047,000 after buying an additional 125 shares in the last quarter. Institutional investors own 96.84% of the company’s stock.

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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