CBRE Group, Inc. (CBG) Insider Sells $820,200.00 in Stock
CBRE Group, Inc. (NYSE:CBG) insider Calvin W. Frese, Jr. sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $41.01, for a total value of $820,200.00. Following the completion of the sale, the insider now owns 201,673 shares of the company’s stock, valued at $8,270,609.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
CBRE Group, Inc. (CBG) opened at $42.64 on Thursday. CBRE Group, Inc. has a twelve month low of $27.68 and a twelve month high of $42.82. The company has a market capitalization of $14,318.38, a P/E ratio of 15.92, a P/E/G ratio of 1.22 and a beta of 1.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.28 and a quick ratio of 1.28.
CBRE Group (NYSE:CBG) last released its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same period in the prior year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. equities analysts anticipate that CBRE Group, Inc. will post 2.67 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toronto Dominion Bank lifted its stake in CBRE Group by 25.6% during the second quarter. Toronto Dominion Bank now owns 101,905 shares of the financial services provider’s stock worth $3,709,000 after purchasing an additional 20,739 shares in the last quarter. Aviva PLC lifted its stake in CBRE Group by 1.5% during the second quarter. Aviva PLC now owns 181,175 shares of the financial services provider’s stock worth $6,595,000 after purchasing an additional 2,720 shares in the last quarter. Hosking Partners LLP lifted its stake in CBRE Group by 1.6% during the second quarter. Hosking Partners LLP now owns 2,425,070 shares of the financial services provider’s stock worth $88,273,000 after purchasing an additional 38,977 shares in the last quarter. Calamos Advisors LLC lifted its stake in CBRE Group by 47.9% during the second quarter. Calamos Advisors LLC now owns 165,516 shares of the financial services provider’s stock worth $6,025,000 after purchasing an additional 53,616 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its stake in CBRE Group by 57.8% during the second quarter. Balyasny Asset Management LLC now owns 101,263 shares of the financial services provider’s stock worth $3,686,000 after purchasing an additional 37,092 shares in the last quarter. Hedge funds and other institutional investors own 95.65% of the company’s stock.
A number of research firms have recently issued reports on CBG. Bank of America Corporation upped their price target on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Barclays PLC upped their price objective on CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, August 15th. BidaskClub cut CBRE Group from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Wedbush reiterated an “outperform” rating and issued a $38.00 price objective on shares of CBRE Group in a report on Wednesday, August 2nd. Finally, UBS AG started coverage on CBRE Group in a report on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. CBRE Group has an average rating of “Hold” and an average price target of $40.33.
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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