CBRE Group, Inc. (CBG) PT Raised to $43.00 at Barclays PLC
CBRE Group, Inc. (NYSE:CBG) had its price target raised by Barclays PLC from $42.00 to $43.00 in a report released on Tuesday, MarketBeat.com reports. They currently have an overweight rating on the financial services provider’s stock.
A number of other equities analysts have also weighed in on CBG. Wedbush reiterated an outperform rating and set a $38.00 price objective on shares of CBRE Group in a research note on Monday, April 17th. Zacks Investment Research lowered CBRE Group from a buy rating to a hold rating in a research note on Tuesday, April 18th. Keefe, Bruyette & Woods reiterated a hold rating and set a $36.00 price objective on shares of CBRE Group in a research note on Tuesday, May 30th. UBS AG started coverage on CBRE Group in a research note on Wednesday, July 26th. They set a neutral rating and a $41.00 price objective for the company. Finally, BidaskClub lowered CBRE Group from a hold rating to a sell rating in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. CBRE Group has a consensus rating of Hold and an average price target of $39.60.
Shares of CBRE Group (NYSE:CBG) opened at 34.91 on Tuesday. CBRE Group has a one year low of $25.40 and a one year high of $38.99. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 17.04 and a beta of 1.83. The company has a 50 day moving average price of $37.02 and a 200 day moving average price of $35.22.
CBRE Group (NYSE:CBG) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.12. The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.39 billion. CBRE Group had a return on equity of 26.40% and a net margin of 5.21%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. Equities analysts predict that CBRE Group will post $2.57 EPS for the current year.
In other news, CFO Gil Borok sold 25,627 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $37.33, for a total transaction of $956,655.91. Following the sale, the chief financial officer now directly owns 76,651 shares in the company, valued at approximately $2,861,381.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert E. Sulentic sold 90,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $35.91, for a total value of $3,231,900.00. Following the sale, the insider now owns 833,590 shares in the company, valued at $29,934,216.90. The disclosure for this sale can be found here. Insiders have sold a total of 165,627 shares of company stock worth $6,054,206 over the last 90 days. Insiders own 1.00% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Cetera Investment Advisers acquired a new stake in CBRE Group during the second quarter worth approximately $444,000. WINTON GROUP Ltd boosted its stake in CBRE Group by 276.8% in the second quarter. WINTON GROUP Ltd now owns 140,849 shares of the financial services provider’s stock worth $5,127,000 after buying an additional 103,468 shares during the period. BB&T Investment Services Inc. acquired a new stake in CBRE Group during the second quarter worth approximately $125,000. Ameritas Investment Partners Inc. boosted 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 worth $263,000 after buying an additional 99 shares during the period. Finally, Cypress Capital Group acquired a new stake in CBRE Group during the second quarter worth approximately $364,000. Hedge funds and other 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.
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